Chennai will soon have a state of the art VFX studio promoted by Barry Osborne and Michael Pfizer and a Chennai based professional, Madhusudanan. Barry, who is best known as the producer of the megalithic Lord of the Rings and his friend Mike who produced Speed 2 expressed happiness over the launch. They said that the facility would cost about 20 million dollars and would have about 50 professionals to start with. The 20,000 square feet studio in Chennai would be formally inaugurated in May 2006. The team would be headed by John Labrie, ex-CTO of Weta Digital which did most of the VFX work for the Lord of the Rings.
India, especially Chennai is becoming the preferred outsourcing destination for animation and digital effects work thanks largely due to the creative, talented professionals and strong work ethic. Several Indian like Free Flow, Visual Computing Labs, Rhythm & Hues and Prime Focus are getting a big share of work from Hollywood filmmakers. The $15 million visual effects outsourcing industry is estimated to grow to $95 million by 2009, according to NASSCOM. Studios abroad save up to 30-40 per cent of costs by outsourcing.
Now, Hollywood will remake an Indian film!