Global entertainment giant Technicolor has announced plans to establish ‘Mill Film’ in Adelaide – a $26 million 3000-plus square metre visual effects (VFX) studio.
Paris-based Technicolor employs more than 15,000 globally with facilities in Paris, London, Los Angeles, Montreal, New York and Vancouver.
The initial focus for Mill Film 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.
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.
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.
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.
Technicolor’s 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.
“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.”
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