I don’t know how many of you caught this, but there was an interesting article on the Time Magazine's website last week looking at the state of the VFX industry in the US.
We’ve always considered our industry to be booming – and really, why shouldn’t it be? According to the Time piece, last year nine of the 10 highest-grossing movies relied heavily on special effects, which could point to the fact that design artists are more central to Hollywood than movie stars are. But sadly, this isn’t the case.
The US industry is having a bit of a rough time with the tax incentives in Canada, Europe, Austraila and New Zealand attracting much of Hollywood’s VFX work and driving down prices. US companies are also choosing to outsource much of the grunt work to India and China to help cut costs.
Saying that, it’s not all doom and gloom, the article did mention that with effects-heavy movies in the pipeline the industry’s fortunes could all be about to change. Maybe we’ll even see effects artists get more recognition for their work and a more prominent position in the movies' credits. Here’s hoping anyway…