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VFX & Animation Group Cinesite Secures $215 Million Funding Package

Cinesite, a leading independent visual effects and animation studio collectives, has received a long-term funding package worth $215 million.

Cinesite, a leading independent visual effects and animation studio collective, has received a long-term funding package worth $215 million to support continued operations, technological innovation and strategic expansion. Cinesite said the industry, upended by Hollywood strikes and LA wildfires, “will now be considering how best to work with its supply chain to identify, develop, test and validate solutions that deliver more sustainable and robust collaboration between vendors, studios, and filmmakers.” The group itself will continue to expand its production capabilities across animation, visual effects, immersive content and motion capture, while leveraging cutting-edge technologies and exploring the potential of generative AI.

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