Industrial Light & Magic’s Post

70% of India’s VFX Revenue Comes from International Projects Joseph Bell, a seasoned expert in the VFX industry, has released the Visual Effects World Atlas, offering a comprehensive look at the global VFX community. Here are the Key points for India from Visual Effects World Atlas 2024: - 4,000 studios in India total. Key hubs are Mumbai, Bengaluru, Pune, Hyderabad, and Chennai. - 260,000 people working across the sector (not just VFX) in India. - International projects contribute nearly 70% of VFX revenue in India, - Mumbai (36% of the total workforce in India in our study), Chennai (16%), and Hyderabad (15%), followed by Pune and Bangalore each representing around 12%. - The AVGC Promotion Task Force was formed in 2022 to guide policy and boost sector growth. Read full article here : https://lnkd.in/gBfuKgcy #vfx #vfxnews

Final post in this week’s series looking at which countries have the largest populations of VFX professionals in various roles. 1 in 13 VFX workers at VFX studios in India are in Production, versus in 1 in 7 in the United States and United Kingdom, and 1 in 8 in Canada and Australia. The study looked at the 4644 Production positions, including VFX Producers, Production Managers, Coordinators and Production Assistants. As you'll see on the second slide, India has the highest overall headcount in Production -- unsurprising given that it’s the country with the most artists. Canada is a close second, followed by the United Kingdom and the United States. Other VFX roles, for comparison: 3D and Environment/DMP: https://lnkd.in/gEVybHrY. VFX Supervisors at VFX studios, Previz/Postviz: https://lnkd.in/gCTWruEd. Compositing, Roto/Paint and MM/Tracking: https://lnkd.in/gUPEVcfP Creature TDs, Rigging and Groom Artists: https://lnkd.in/dZ2WgrKt The data comes from a core group of 175 internationally recognized studios that provide visual effects for Hollywood movies, with over 42,000 VFX professionals across all disciplines. Client-side production staff are not included in this particular dataset. #vfx #vfxjobs #globalproduction #filmmaking

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A stock worth investigating- Phantom Digital Effects Ltd >Established in 2011, Phantom Digital Effects specializes in VFX services offering top tier solutions for commercial films and services with a decade of experience. >Holds prestigious DPN certificate ensuring secure data environment. >Services include final shot compositing, 3D element creation, life like creative environment, effects, natural phenomenon and other stuff. >Operating from Mumbai, Chennai and Hyderabad we have global offices in USA, Canada, Dubai and UK, supported by 650 professionals. >Approved vendors for Titans like Amazon, Walt Disney and Netflix. >Projects such as Leo, The Lab, The Flash and others where with blend of CGI and live action to craft mesmerizing sequences. >Successfully completed QIP this quarter. >With over 4500 VFX shots delivered, setting a new benchmark for quality in industry. >Hold intellectual property rights for the tattoo which includes numerous opportunities for additional revenue streams. >Mr. James Abadi appointed as Executive Producer for UK Operations. >Net profit increased by 95% this quarter YoY basis. >Looking to venture into animation and gaming in the future. >For FY 24 guidance is of 95% increase in topline and next year another 50% topline in FY25 over FY24. >Value in FY 25 should of 140-150 Crore with the kind of projects in hand. >Looking for acquisition down the line. >EBIDTA margins between 43-48%. >55-60% revenue is International. >Collections are strong and no bad debts >Huge plans to become a global player in 2-3 years. >All contracts will be service providers. . . . #equityresearch #stockmarket #vfx #finance  

The VFX industry has faced significant challenges over the past and current year, with studios grappling with strikes, layoffs, reductions in hiring, and unemployment. These obstacles, coupled with limited project availability and intense competition, have disrupted connections and workflows across the industry. The recent resolution of the Hollywood strike brought some relief, with the International Alliance of Theatrical Stage Employees (IATSE) securing a three-year contract. However, the industry still faces a gradual recovery as studios adapt to post-strike conditions and VFX work resumes. Despite the turmoil, Select VFX Studio stood strong without any layoffs or salary cuts. Our team's dedication and unwavering commitment to excellence set us apart. We owe our ability to overcome these challenges to the steadfast trust of our clients and our relentless pursuit of delivering top-notch VFX work. It's not just about business transactions; it's about the meaningful connections we've built. The relationships we've forged and the respect we've garnered are testaments to our commitment to excellence and the trust our clients have placed in us. We extend our heartfelt thanks to our amazing clients. Your trust and support have been pivotal in our journey.🙏 At Select VFX Studio, we're here to support you within your budget, meeting any scope and deadline expectations to ensure your success. Together, we will continue to push boundaries and achieve new heights in the VFX industry.🤝 #vfx #visualeffects #vfxproduction #vfxartists #vfxstudio #movie #film #media #postproduction #vfxsupervisor #entertainmentindustry #vfxindustry #vfxindia #vfxworld #vfxartist #vfxnews

The staff shortage in India's special effects industry As a child, Vinay Sastha R found his imagination fired by films like The Lord of the Rings and the Harry Potter series. But unlike most other people, he now works on movies. Based in Trichy in southern India, Mr Sastha R works as a technical director creating visual effects (VFX) for DNEG, one of India's leading VFX studios. Aged 26, he only has a couple of years in the industry but still gets to work on fun projects. "A technical director mainly deals with creating elements that could not be made while filming... like creating a lava rain in a city, making rain freeze in the air, or the moon melting - anything fantastical you can think of," he says. "I love and enjoy what I am doing." Mr Sastha R has benefited from a boom in India's VFX industry. Not only is India's domestic film industry demanding more special effects, companies from overseas are sending work to India. For example, the dragons in the fifth season of Game of Thrones were created in Mumbai. Streaming entertainment firms like Netflix, animated TV and film producers, and the computer games industry are all demanding more. "The VFX industry has surged due to an infusion of visual effects in almost all the entertainment sector," says Namit Malhotra, founder of Prime Focus, a giant Indian media firm which owns DNEG. India is a relatively cheap place to create such artwork and the adoption of cloud computing has made it easy for Indian workers to contribute to projects based overseas. "India has become a big market for outsourcing though not the entire movie - but parts of movies," says Ketan Mehta, founder of Cosmos Maya, a visual effects and animation studio. He says it's "only a matter of time" before Indian studios are handling all the visual effects for big global productions. But being plugged into the global market has its downside. India could not dodge the effects of the strikes in Hollywood, which shut down TV and film production for months last year. "The strike in Hollywood had a big impact on the Indian market. We could see the ripple effects. There were layoffs and production houses downsized. Several projects have got delayed and still, the market is extremely slow with the Hollywood work coming in,". #news #technews #dailynews #dailynewsupdate #dailynewsletter #latestnews #latestupdate #latestupdates

I got an auto-rejection email from a job posting for a job I've done 2 times under that company... I don't get it. They were looking for a VFX Coordinator. I am VFX Coordinator. The email had a line that, "their team is already in process with candidates whose background and experience align with their hiring needs." I will not be able to have a human being look at my response email asking to help me understand, was my resume fed through a machine? What do I need to change? Do you see how discouraging this is? Should I re-write this post with AI?

What's happening in #Indian #VFX #kollywood #Hollywood #industry last 3 months somewhere layoffs holding for months unpaid leaves salary deduction etc.. we need to know that what happening in VFX industry most of people is posting but no one affairs about it.As a #VFX artist must read it I know now #you have a time💯please..🙏 1. After COVID ,writer strikes,actors strike 2.Now I really don't know what is happening in the current Please explain #anyone in a detailed ? #This are my questions 🧐 As a #VFX artist #AI migrated to the VFX. #Unreal engine real time projection reduces the pre-production work..? The company #production is going down due to less projects in #indian #USA #overall #cinema #industry.? There is no #preproduction going on in other countries..? #Indian #cinema industry not growing well in VFX #people's losses interested...? And I hope #everyone knows some reasons about please must share your thoughts on the comment we can try to solve it asap thanks. #Nowadays I am seeing earrings news collaboration with #3D #artists in #indian #USA #VFX #Hollywood #Kollywood industry whoever our #junior #senior #colleague #institute #friends mainly working in post production VFX industry they are struggling by the bad #situation of #strike are something so we need to #support them now. and find out #solution. I need to speak about #technical software and hardware and mention that because they are also the main key in this process #gainer in industry nowadays artists are using software for making #VFX #CG #animation are #autodesk #Adobe #foundry #Unreal engine #equilizer #tracker #Houdini #nvidia must if u #artists I missed any u can mention in it comment. #international #domestic #movies my thoughts about industries and companies in India are worldwide..I need to speak generally about #founder #CEO #management #production #partners company love trust happy jollyfull your employees they give u good production works for company and understood the situation of company.but sometimes we didn't expect the situation will change. Ready to face it..But Don't lose hope. you may have a reason for some of the artists it will happen It's okay.Everyone has a #family commitment,EMI & need to survived forever. As a #artists we are #loved to work on more creative projects #Indian #Hollywood #chinna whatever #countries #Languages #movies.we ready to show our skills now a generation of kids and #people are loving #animation #movies computer #graphics worldwide and games. we are the #advance #generation artists want to take them to the next level in movies and games.with telling good moral stories actions about new innovations space etc. #VFX #artists is a small circle in #world so we need to #support our #colleagues, #coworker #friends whoever is losing jobs in VFX industry so please repost & comments for soon reaching to everyone #asap atleast we know what is happening in movies #industries by #LinkedIn #myconnection #Sorry if I tags anything unwantedly...

Where in the world are VFX Compositors, Roto/Paint Artists and Matchmove/Tracking Artists? As you’ll see in the slideshow, India has by far the highest headcount when it comes to 2D-centric disciplines and matchmove/tracking, with almost 2x the number of Compositors compared to the next entry (Canada), 10x the number of matchmove and tracking artists, and more than 30x the number of Roto/Paint artists. As with 3D disciplines, the United Kingdom consistently ranks third in terms of overall headcount. This is the third post in a series. If you want to compare this to similar charts for 3D artist roles, here's the first post: https://lnkd.in/gEVybHrY. And for VFX Supervisor roles at VFX studios and Previz/Postviz artists, here’s the second post: https://lnkd.in/gCTWruEd. The data comes from a core group of 175 internationally recognized studios that provide visual effects for Hollywood movies, with over 42,000 VFX professionals across all disciplines. #vfx #vfxjobs #globalproduction #filmmaking

What's happening in indian #VFX #tollywood #Hollywood #industry last 3 months somewhere layoffs holding for months unpaid leaves salary deduction etc. we need to know that what happening in VFX industry most of people is posting but no one affairs about it. As a #VFX artist must read it I know now you have a time please 1. After COVID, writer strikes, actors strike 2. Now I really don't know what is happening in the current Please explain #anyone in a detailed? #This are my questions As a #VFX artist #Al migrated to the VFX #Unreal engine real time projection reduces the pre-production work? The company production is going down due to less projects in #indian #USA #overall #cinema #industry? There is no preproduction going on in other countries..? #indian ecinema industry not growing well in VFX #people's losses interested...? And I hope #everyone knows some reasons about please must share your thoughts on the comment we can try to solve it asap thanks. #Nowadays I am seeing earrings news collaboration with #30 #artists in #indian #USA #VFX #Hollywood #Kollywood industry whoever our #junior #senior #colleague #institute #friends mainly working in post production VFX industry they are struggling by the bad #situation of #strike are something so we need to #support them now and find out #solution, I need to speak about technical software and hardware and mention that because they are also the main key in this process #gainer in industry nowadays artists are using software for making #VFX #CG #animation are #autodesk #Adobe #foundry #tinreal engine #equilizer #tracker Houdini #nvidia must if u #artists I missed any u can mention in it comment #international #domestic #movies my thoughts about industries and companies in india are worldwide. I need to speak generally about #founder #CEO #management #production #partners company love trust happy jollyfull your employees they give u good production works for company and understood the situation of company but sometimes we didn't expect the situation will change. Ready to face it.. But Don't lose hope. you may have a reason for some of the artists it will happen It's okay. Everyone has a #family commitment EMI & need to survived forever. As a #artists we are loved to work on more creative projects #Indian #Hollywood #chinna whatever Bcountries #Languages #movies we ready to show our skills now a generation of kids and people are loving #animation #movies computer #graphics worldwide and games. we are the #advance #generation artists want to take them to the next level in movies and games, with telling good moral stories actions about new innovations space etc #VFX #artists is a small circle in #world so we need to support our #colleagues, #coworker #friends whoever is losing jobs in VFX industry so please repost & comments for soon reaching to everyone #asap atleast we know what is happening in movies #industries by #Linkedin #myconnection #Sorry if I tags anything unwantedly