Prana wins auction to acquire Rhythm & Hues
Posted By : Mukesh Dube At 30-03-2013 22:13:22
Tags : Prana Studio Rhythm & Hues
Rhythm & Hues, the visual effects house behind the Oscar-winning effects in Life of Pi, finally has a buyer after a lengthy auction. A holding company associated with Prana Studios has won the bid to acquire bankrupt vfx studio Rhythm & Hues.
Based in Los Angeles and Mumbai, Prana Studios is best known for providing the animation for DisneyToon projects such as the upcoming 3D feature Planes and Tinker Bell movies and Summertime Entertainment’s upcoming Legends of Oz.Two bidders attempted to make late bids but weren't deemed qualified. Three companies ended up in the running at the auction: Brave Vision Investments, Prime Focus and a holding company associated with Prana Studios.But shortly before the auction commenced Wednesday, Prana withdrew from the auction, according to legal papers.
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