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Imageworks looks to New Mexico. |
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Wednesday, 02 May 2007 |
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The LA Times has published an article regarding Sony Pictures Imageworks and their plans to move some of their workforce to New Mexico. The relocation would help save them money because of tax incentives offered by the state. " The proposed facility would eventually employ about 300 visual effects technicians and computer animators — about a third of Imageworks' current workforce — within the Albuquerque Studios, a newly opened film and TV production studio near the city's airport, according to three people familiar with the plans."
According to some close to the situation in Culver City, Imageworks is having a difficult time keeping with other visual effects studios because of their overhead. This cost savings move could help their situation and allow them to be more competitive in their bids. The full article can be read here . Sony Pictures Imageworks, one of Hollywood's leading visual effects companies, plans to move more than 100 jobs from Culver City to New Mexico if state lawmakers give their expected blessing next week to film industry financial sweeteners.
Although Imageworks would remain in Culver City, along with a majority of its employees, the decision to shift a major chunk of its operation elsewhere marks a symbolic blow to Southern California as it struggles to keep its signature business from being poached by other states and countries.
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