Hollywood North: Netflix plans to acquire Scanline VFX
What do Cowboy Bebop ‘s space Western action, the neck-biting vamps of Blood Red Sky and the exploding underground reactor in Stranger Things 3 all have in common? The scenes were all produced by global visual effects powerhouse Scanline VFX .
Netflix’s official statement on the acquisitions is that it intends to invest in Scanline’s infrastructure, workforce and pipeline capacity to keep the company’s Eyeline Studios pushing the boundaries of virtual production. Completion of the transaction is subject to regulatory approvals and assorted closing conditions. The expectation is that the deal is done in the first quarter of 2022.
With the VFX industry rumoured to be facing potential shortages of trained employees at a time when demand is surging, Netflix is likely moving to ensure that it has some kind of in-house capacity to keep creating. The company notes that it will continue relying on output from other studios as well. Scanline VFX will also continue to operate as a stand-alone business as well.