(Image Representative. Courtesy: Youthopia)
Deluxe Entertainment Services Group has signed a definitive agreement to acquire award-winning visual effects (VFX) company Atomic Fiction, with studios in Montreal and San Francisco.
Atomic Fiction will join Method Studios, Deluxe’s global VFX brand, as part of its strategy to deepen the company’s talent base and capacity to take on the biggest and most challenging VFX projects for features, episodic, advertising and brands.
Academy Award-winning director Robert Zemeckis said, “Throughout my career, I’ve always felt that it’s important to surround myself with the best of the best in their craft. Kevin (Baillie) and the team at Atomic Fiction are exactly that and, with the resources of Deluxe and Method behind them, I’m excited to have an even stronger team by my side.”
Atomic Fiction’s Montreal location will become a flagship studio for Method as part of a larger global strategy that also includes a substantial expansion of Method’s VFX capacity and capabilities in Pune, India that is already underway.
Ed Ulbrich, President, Deluxe VFX and VR/AR for Method Studios said, “We’ve been fans of Atomic Fiction’s work for a long time – it is outstanding and clients love them. When we started talking and met (Atomic Fiction founders) Kevin (Baillie) and Ryan (Tudhope) we learned what a great culture they’ve built, and our vision for the business resonated with them as well. It was clear to all of us that we will reach our goals faster together.”
Atomic Fiction Co-Founder Ryan Tudhope will continue to lead the Montreal team creatively with the new title Executive Creative Director, Method Studios.
Atomic Fiction Co-Founder Kevin Baillie will take on the new role of Creative Director and Sr. Visual Effects Supervisor, Method Studios, and will continue to be based out of San Francisco. During this shift, Atomic’s approximately 300 full-time and freelance employees are expected to join Method Studios when the transaction closes.
The transaction is subject to customary closing conditions, regulatory approval and is expected to close by the third quarter of 2018.