In a move set to reshape the stock asset market, Getty Images and Shutterstock, the world’s two largest stock photo companies, have announced their plans to merge in a deal valued at $3.7 billion. If approved by regulators, the merger will result in Getty Images Holdings, with Getty’s shareholders owning approximately 54.7% and Shutterstock’s shareholders…
MUMBAI: A new company had been incorporated in India, and not just any company—it’s one that promises to reshape the creative industries. Named the Indian Institute of Creative Technologies (IICT), it officially came into existence on 25 December 2024. The IICT has been established as a Section 8 company under the Companies Act, which means…
The British Academy of Film and Television Arts ( BAFTA ) has revealed its longlist for the Special Visual Effects category, spotlighting the year’s most innovative and breathtaking cinematic achievements. These films exemplify the cutting-edge artistry that continues to redefine storytelling through visual effects. Visual Effects Beetlejuice, BeetlejuiceAlien: RomulusFuriosa: A Mad Max SagaGladiator IIKingdom of…
The 2025 Oscar VFX Bake-Off is a key event in the journey to the Academy Award for Best Visual Effects. It’s part of the process where the Academy of Motion Picture Arts and Sciences (AMPAS) selects the final nominees for the award. Here’s how it works and why it’s significant: What Happens at the VFX…
Starting January 1, 2025, VFX expenditure under the AVEC will benefit from a substantial uplift in tax rebates, increasing from 25.5% to 29.25% net after tax. This rebate is exempt from the overall 80% cap on the total budget eligible for UK tax relief. This enhancement allows productions to claim: All VFX activity must be…
PFTrack has announced the release of version 24.12.19, packed with powerful new features and performance enhancements to streamline workflows for VFX professionals. This update leverages cutting-edge machine learning, improved depth map creation, and user-friendly tools to deliver faster and more precise results. Key Features of PFTrack 24.12.19 Why It Matters With these updates, PFTrack version…
A prominent Indian visual effects studio has announced securing new contracts worth INR 27 Crore, strengthening its global presence and financial projections for the upcoming fiscal year. These contracts, set for execution between October and December 2024, are expected to significantly contribute to the company’s projected revenue target of INR 100-110 Crore for the 2024-25…
In a significant blow to the 3D and visual effects community, 3D World magazine, a beloved publication with a legacy spanning over two decades, has ceased publication as of October 2024. Founded in 2000, the magazine was a cornerstone for professionals and enthusiasts in 3D animation, visual effects, video game design, illustration, and architectural visualization….
The Visual Effects Society (VES) is rolling out the red carpet for two industry legends at their 23rd Annual VES Awards, happening February 11, 2025, at The Beverly Hilton. In a nod to excellence and vision in the VFX world, the Society is honoring Emmy-winning actor-producer Hiroyuki Sanada and Academy Award-winning director and visual effects…
The race for the prestigious Visual Effects Oscar is heating up, as ten films have been shortlisted for the 97th Academy Awards. The Visual Effects Branch Executive Committee selected the contenders, showcasing the year’s best in cinematic innovation and artistry. On Saturday, January 11, 2025, members of the Visual Effects Branch will have the opportunity…
