A few VFX folks had a pretty crummy Christmas with the news that CafeFX closed permanently over the holidays. A fairly successful company with projects like G.I.Joe and Public Enemies under their belt, they’ve been on haitus for 6 months in search of investors.
Part of the problem, says Barnes, was that CafeFX “got to be exactly the wrong size.” Noting that Asylum and the Orphanage were also mid-sized California vfx studios that closed, Barnes said, “Being a California-only company right now is not a good business model if you’re over 100 people.”
Although, if you’re in the market for some VFX equipment, they’ll be selling all their gear sometime around January 18th.
via CafeFX shutters before Christmas – Entertainment News, Technology News, Media – Variety.
