With funding support from Innovate UK, Industrial Light & Magic (ILM) has opened a new London studio.
ILM President and General Manager Lynwen Brennan said:
…We are excited about the opportunities to not only grow the services we offer to our clientele but to develop exciting new technologies that we believe will be game changers in the realm of computer graphics for entertainment.
Already focussed on innovation in film, ILM is now working with a range of partners to develop cutting-edge visual effects technologies.
The studio is currently working on sequels Avengers: Age of Ultron and Star Wars: Episode VII.
Chancellor George Osborne, who attended the recent opening ceremony for the new London facility, said:
We set out with our long-term economic plan to make the UK the best place in the world for the creative industries. So it is fantastic news that Industrial Light & Magic, one of the top global visual effects companies, is moving to London.
This follows the announcement that the new Star Wars film, which they are also involved with, will be shot here. It shows that the decisions we have taken in government to make our tax reliefs more competitive and invest in skills and innovation are paying off.
With consumers increasingly accessing digital content across a range of devices and platforms, our £15 million competition for R&D funding, in which ILM participated, is designed to sponsor innovation across platforms, including film and television, online video, animation and video games.
Our funding will help UK companies to develop new market opportunities and win a greater share of this lucrative global market.