Double Negative (DNEG), a prominent visual effects and animation studio that creates television and multiplatform content and feature films, has announced plans to increase its Canadian VFX and animation operations and talent pool.
With rapid increase in the demand for content across various platforms, DNEG is aiming at setting up a new studio in the Greater Toronto region, employing nearly 200 people, including several tech positions, along with expanding its existing Montreal and Vancouver offices and introducing a new studio for its Feature Animation division in Vancouver.
Sources cite that the new Toronto studio will create nearly 200 jobs with remote-work facilities. The job roles will include visual effects for movies and episodic projects, feature animation, and technology positions.
According to Namit Malhotra, Chairman and CEO, DNEG, the entity is seeking to meet its expansion requirements by investing in Canada and generating jobs in the Greater Toronto Area, and launching its fourth studio in North America.
To meet the growing demand for VFX from the North American entertainment industry, DNEG is building its studios in Montreal and Vancouver as it is moving into the production of five new animation projects, Mr. Malhotra added.
It is also worth mentioning that DNEG will also be creating close to 300 new roles across its Montreal and Vancouver offices, including 100 new positions in Vancouver for its Feature Animation team, to support their upcoming animation projects.
A leading name in visual effects and animation, DNEG has won six Academy Awards® for Best Visual Effects and several awards for its visual effects work done for many OTT shows.
To make the most of the growing demand for VFX and animation in television, streaming platforms, and movies, DNEG continues to strengthen its global reach, including North American expansions and its recently opened Bangalore studio, the firm’s fourth office in India.
Recently, DNEG announced that Novator Capital Advisers, LLP had injected funds worth USD 250 million in various subsidiaries of DNEG’s parent company- Prime Focus Limited. This has helped DNEG structure its future growth goals.