Hollywood media giant to set up shop in Adelaide
Tuesday, 6 February 2018
Global entertainment giant Technicolor has today announced plans to establish a 500-person visual effects (VFX) centre in Adelaide, propelling South Australia as an international film production hub.
Technicolor will establish ‘Mill Film’ in Adelaide - a $26 million 3000-plus square metre visual effects (VFX) studio. Its initial focus will be delivering VFX for major film studios and streaming services, with a later expansion into emerging opportunities in virtual and augmented reality.
Mill Film will comprise an Adelaide Centre of Excellence and VFX Academy, together accommodating 500 people - ranging from technologists to artists - when running at full strength within five years.
The investment will be a boost for existing Adelaide VFX businesses, with the Centre of Excellence and Academy set to attract talented artists to South Australia from around the world.
The South Australian Government will provide up to $6 million from the Economic Investment Fund to support the project, which is expected to have an economic benefit of around $252.6 million over ten years.
Technicolor Chief Executive Officer Frederic Rose said the Government of South Australia has recognised the potential of the State becoming a destination for global VFX work, and importantly, has created an environment where the industry can be successful.
“We picked Australia as an opportunity for expansion because it provides an ability to engage with a pool of proven creative talent; work with leading universities; and build on a modern and mature infrastructure that is critical for working on high-end VFX projects,” said Mr Rose.
“Investment Attraction South Australia worked with us to provide a complete investment package. The State Government’s 10 per cent PDV rebate, stackable with the Federal Government’s 30 per cent incentive was an opportunity too good to ignore.”
“Investment Attraction South Australia has made connections for us across the whole ecosystem to ensure our success in the State. They made it an easy decision to come to Adelaide, and I think it will become a global VFX destination once the secret gets out.”
A French company, Technicolor employs more than 15,000 globally with facilities in Paris, London, Los Angeles, Montreal, New York, Vancouver, Bangalore and Shanghai.
Technicolor worked on the film The Shape of Water, recently nominated for 13 Oscars, along with films such as The Jungle Book, The Martian, Blade Runner 2049, Wonder Woman and Pirates of The Caribbean: Dead Men Tell No Tales.
In December last year, the State Government announced a newly expanded Post Production, Digital and Visual Effects (PDV) rebate to foster new business development for large-budget PDV film productions that use VFX in blockbuster films. The rebate scheme is designed to bolster the local industry and attract new companies to South Australia and in doing so grow the broader digital capabilities of the state.