Visual effects studio Pixomondo closes its London and Detroit facilities.
International visual effects studio Pixomondo, the lead VFX company on last year's VFX Oscar winner, Hugo, is closing its London facility and has closed its branch in Detroit, according to a report by Variety.
U.K. tax authorities have filed a “winding-up” petition against Pixomondo for non-payment of taxes, which amounts to a request that the London operation be declared bankrupt involuntarily. Pixomondo founder Thilo Kuther reportedly said his company has already established a payment plan for those taxes.
No word yet on what this will ultimately mean for the Los Angeles-headquartered company, which according to its website still maintains offices in Berlin, Beijing, Frankfurt, Sao Paulo, Stuttgart, Baton Rouge, Shanghai, Munich, Toronto, Burbank, and Hamburg.
Jennifer Wolfe is Director of News & Content at Animation World Network.