Deluxe's Method Studios to Acquire Award-Winning VFX Company Atomic Fiction in Continued Global Expansion
--Influx of top talent and presence in key locations will further extend creative capabilities and capacity--
LOS ANGELES, July 26, 2018 /PRNewswire/ -- Deluxe Entertainment Services Group Inc. has signed a definitive agreement to acquire award-winning visual effects (VFX) company Atomic Fiction, with studios in Montreal, QC Canada, a growing epicenter for VFX, and San Francisco, CA. Atomic Fiction will join Method Studios, Deluxe's global VFX brand, as part of its strategy to deepen the company's talent base and capacity to take on the biggest and most challenging VFX projects for features, episodics, advertising and brands.
Founded in 2010, Atomic Fiction has built a reputation for creating high-quality VFX efficiently, by powering top creative talent with innovative technology and a focus on craft. Some of the studio's standout projects have been collaborations with Director Robert Zemeckis, including The Walk, Allied, Flight, and the upcoming Welcome to Marwen, as well as Star Trek Beyond for Paramount Pictures, Deadpool for 20th Century Fox, Ghost in the Shell for Dreamworks, VFX-Emmy®-nominated work on Stranger Things 2 and Cosmos: A Spacetime Odyssey, along with episodes of HBO's Game of Thrones, Boardwalk Empire, and the upcoming season 3 of Netflix's Stranger Things. The company also contributed to the Oscar®-winning VFX on Blade Runner 2049.
Academy Award®-winning director Robert Zemeckis said, "Throughout my career, I've always felt that it's important to surround myself with the best of the best in their craft. Kevin (Baillie) and the team at Atomic Fiction are exactly that and, with the resources of Deluxe and Method behind them, I'm excited to have an even stronger team by my side."
Bringing together Atomic Fiction and Method extends capacity and talent for both studios, enabling the combined entity to take on the biggest VFX sequences and even full features, spread work across global studios to match talent with project requirements, and offer clients the most advantageous cost structure through incentives and low-cost production centers. Atomic Fiction's Montreal location will become a flagship studio for Method as part of a larger global strategy that also includes a substantial expansion of Method's VFX capacity and capabilities in Pune, India that is already underway.
Ed Ulbrich, President, Deluxe VFX and VR/AR for Method Studios said, "We've been fans of Atomic Fiction's work for a long time – it is outstanding and clients love them. When we started talking and met (Atomic Fiction founders) Kevin (Baillie) and Ryan (Tudhope) we learned what a great culture they've built, and our vision for the business resonated with them as well. It was clear to all of us that we will reach our goals faster together."
Atomic Fiction Co-Founder Ryan Tudhope will continue to lead the Montreal team creatively with the new title Executive Creative Director, Method Studios. Atomic Fiction Co-Founder Kevin Baillie will take on the new role of Creative Director and Sr. Visual Effects Supervisor, Method Studios, and will continue to be based out of San Francisco. Both will report to Ulbrich. All of Atomic's approximately 300 full-time and freelance employees are expected to join Method Studios when the transaction closes.
Tudhope said, "We set out to become the best visual effects company in the world, and, from the outset, committed to a forward-thinking approach that places uncompromising value on our people and culture. Joining Method gives us an opportunity to build upon that approach and reach our shared goal of being the best even faster. We couldn't be more excited to work with Ed and his team to do just that."
The transaction is subject to customary closing conditions, regulatory approval and is expected to close in Q3 2018.
About Method Studios
Method Studios, a Deluxe company, is an award-winning global visual effects company built around an exceptional team of artists and innovators servicing high-end feature, episodic television, and advertising/brand clients. Its network of facilities in Los Angeles, Vancouver, New York, Melbourne, Sydney, Atlanta, and Pune, India, provide a full range of services including conceptual design, pre-vis, look development, on-set supervision, 3D animation/CGI, motion graphics, matte painting, compositing, and finishing. Recent features include Ant-Man and The Wasp, Skyscraper, Deadpool 2, The Avengers: Infinity War and the upcoming Christopher Robin. methodstudios.com
About Deluxe Entertainment Services Group
Deluxe Entertainment Services Group (Deluxe) is a leading video creation to distribution company offering global, end-to-end services and technology. Through market-leading scale, technology and capabilities, Deluxe enables the worldwide market for premium content. The world's leading content creators, broadcasters, OTTs and distributors rely on Deluxe's experience and expertise. With headquarters in Los Angeles and New York and operations in 38 key media markets worldwide, the company relies on the talents of more than 7,500 of the industry's premier artists, experts, engineers and innovators. bydeluxe.com
SOURCE Deluxe Entertainment Services Group Inc.
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