One Oscar-Winning Movie from 10 Years Ago Had Such Incredible CGI it Drove the VFX House into Bankruptcy

The Marvel Cinematic Universe and Marvel Studios have been heavily involved with controversies regarding VFX artists and animations. Well, one VFX company that worked on Life of Pi and The Incredible Hulk later went bankrupt because of the intense rules and regulations of the film-making industry.

Working for the 2012 movie Life of Pi, the VFX company, Rhythm & Hues, went bankrupt due to the intense amount of losses they incurred while working on Life of Pi and Snow White and the Huntsman despite winning an Oscar for the former film!

The VFX Company That Earned An Oscar But Went Bankrupt!

Working on the 2008 MCU movie The Incredible Hulk, the VFX company Rhythm & Hues often toyed with financial instability. After leaving the MCU project, Rhythm & Hues went to work on the 2012 movie Life of Pi.

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The 2012 film, which was directed by Ang Lee had a great premise with an incredible VFX at hand which even got an Oscar win for the same. However, Rhythm & Hues ended up with one terrible mistake that cost them their entire fortune.

Before starting the work on their movie, Rhythm & Hues fixed a set amount for the animation for the film. As revealed by the book MCU: The Reign of Marvel Studios, director Ang Lee wanted to fix the animation of the tiger during post-production. This led to the VFX company incurring losses of around $1.2 million per month over a period of twenty months! Incurring a loss of roughly $24 to 30 million for the delays, the company was in a financial crisis.

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Rhythm & Hues Earned An Oscar For Life of Pi

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Earning an Oscar for Best Achievement in Visual Effects in 2013, Rhythm & Hues announced on the stage that they were going bankrupt because of the intensive work they put into the movie. The VFX company also worked for the 2012 film Snow White and the Huntsman but the company wasn’t able to maintain profits.

In early 2020, the VFX company Rhythm & Hues declared bankruptcy and was completely shut down in that year. This seems to be quite a serious problem since Marvel Studios was recently accused of underpaying the VFX workers.