The Matrix is the sort of solid-gold hit that comes around very rarely and leaves a lasting impression.
12.03.2024 - 16:43 / deadline.com
EXCLUSIVE: PhantomFX, an Indian VFX powerhouse that has worked on everything from The Avengers and The Walking Dead franchise to Outlander, is set to acquire a majority stake in Tippett Studio, the animation and visual effects production company of Oscar-winning filmmaker Phil Tippett.
Under the agreement, Tippett Studio will retain its name and continue to provide high-level VFX and post-production services to the major studios, networks, and independents. Tippett North America CEO Gary Mundell will stay on in his current role with a seat on the board alongside Cliff McDowell, who has now moved into the COO position for North America.
Retaining his seat on the board, Phil Tippett will continue his creative involvement with Tippett Studio, working alongside his team and those at PhantomFX to develop standalone intellectual property. The transaction represents a strategic move for both partners, as PhantomFX looks to elevate its status within the industry by expanding into the western VFX market.
“The acquisition of Tippett by PHANTOMFX is driven by their strategic goal of establishing a strong presence in the highly competitive U.S. and Hollywood markets,” stated Mundell. “Although Indian VFX studios, like PHANTOMFX, contribute significantly to major streaming giants like Marvel and Netflix there remains a perception that India primarily offers technical support rather than creative input. By partnering with Tippett, PHANTOMFX aims to challenge this stigma and demonstrate the innovative and artistic capabilities of PHANTOMFX in the global entertainment industry.”
Going forward, Tippett Canada will continue to play a vital role for Tippett Studio, providing visual effects and storytelling services from north of the
The Matrix is the sort of solid-gold hit that comes around very rarely and leaves a lasting impression.
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