Netflix is acquiring Vancouver-headquartered visual effects company Scanline VFX as it ramps up its production in Europe and Asia. Financial terms of the deal were not disclosed.
The video streaming giant announced the acquisition today, marking their foray into the visual effects industry.
“Netflix will invest in Scanline’s pipeline, infrastructure and workforce and continue to support the pioneering work that Scanline’s Eyeline Studios is doing in virtual production to push the boundaries of what is visibly possible,” wrote Amy Reinhard, vice president of Netflix’s studio operations, in a blog post.
Scanline has more than 1,000 employees and also have offices in Montreal, Los Angeles, London, Seoul, and German cities Munich and Stuttgart.
Scanline was founded in 1989 and is now led by Stephan Trojansky, a trailblazing VFX Supervisor whose proprietary fluid rendering system Flowline won an Academy Award for Technical Achievement in 2008.
Scanline is known for its complex, photorealistic effects and expertise in virtual production. It’s also done an extraordinary job of supporting our creators on everything from the above-mentioned VFX achievements to those in upcoming titles like Don’t Look Up, The Gray Man, Slumberland, The Adam Project and Stranger Things 4.