He animation studio and visual effects lucasfilmsituated in Singaporewill close in the coming months for economic reasons, announced Disneythe parent company, this Tuesday.
The studio was created in the 2000s by Industrial Light & Magic (ILM), founded by George Lucas, creator of Star Wars.
For years, its Singapore headquarters was the Sandcrawler Building, named after the Star Wars transport that inspired its design. Lucasfilm sold the building in 2021.
“Over the coming months, ILM will consolidate its global footprint and liquidate its Singapore studio due to economic factors affecting the industry”Disney announced in a statement.
The company did not specify how many employees would be affected.
Disney announced in February the loss of 7,000 jobs worldwide, as part of a reorganization of the company due to the erosion of its traditional television business, strong competition and the decline in the number of subscribers to its streaming service. , Disney+.
“Lucasfilm’s decision to end its operations in Singapore is in response to changes in the industry and business conditions,” the Singapore Media Development Authority (IMDA) and the Economic Development Board (EDB) stated in a joint statement.
In the document he justified the decision by the “disruption posed by rapid technological advances, while studios face challenges related to talent and profitability.”
The Singapore studio was involved in high-profile Hollywood productions such as “Hombre de Hierro”, “The Avengers” and Star Wars movies, according to the EDB website.
Source: AFP
Source: Gestion
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