American Reunion

Prime Focus already has a global footprint with offices in the LA, NY, Canada, the UK and India. That makes it more immune to the problems American-based VXF firms like Rhythm & Hues have had sustaining a viable business model (Prime Focus was one of four companies in the running in the R&H bankruptcy auction eventually won by another global firm, India-based Prana Studios). In March, Prime Focus announced a Chinese joint venture with Hong Kong–based private equity group AID Partners and local partner Zhejiang Jingqi Wenhua Chuanbo Co to invest $3M in a new operation that will provide 2D/3D conversion, VFX and postproduction services on the mainland and in Hong Kong, Macau and Taiwan. Its recent credits included stereo VFX, 3D conversion and archive footage colorization work on Baz Luhrmann’s The Great Gatsby. Here’s today’s release out of the Shanghai International Film Festival announcing the Beijing opening: Mumbai, India – June 19, 2013 – Prime Focus Limited (“Prime Focus”, BSE code: 532748), a global leader in media and entertainment industry services, announced today that the company will open a new office in Beijing, China. The move brings the full array of services offered by the Prime Focus group of companies to China, including visual effects, 3D conversion, animation via its Prime Focus World (“PFW”) subsidiary, technology and media management solutions via its Prime Focus Technologies (“PFT”) subsidiary, and overall production and post-production ... Read More »

WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday.