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VFX and Animation Studio Cinesite Raises $215 Million On the Heels of Technicolor Collapse
VFX and animation studio Cinesite raises $215 million on the heels of Technicolor collapse
In the next phase of our business you can expect to see us taking advantage of opportunities thrown up by the disruption of the past couple of years,” said Cinesite Group CEO Antony Hunt in a released statement. “Thanks to the renewed commitment of our banks, shareholders and other stakeholders and the ongoing confidence our clients place in our services, we will continue to produce exceptional work for audiences, while fuelling innovation and studio growth.” Said William Ford, chief investment officer at Gryphion: “This funding package underscores the conviction of Cinesite’s shareholders and banks in the industry’s recovery and the continued demand for high-quality visual narratives.”
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