Cinesite Partners with Trixter VFX and Animation Studio
Cinesite and German visual effects and animation studio TRIXTER have formed a partnership that will lead to Cinesite's acquisition of 100% of the TRIXTER business once regulatory and legal work is completed. The new partnership will allow the existing senior TRIXTER team to lead the business in Germany and continue to build on its reputation to grow the operations with the benefit and support of a larger parent company. Similar to Cinesite’s 2015 acquisition of Vancouver-based VFX studio Image Engine Design, TRIXTER will retain its brand and creative centre. This partnership is the third studio to join Cinesite group following Nitrogen Studios in 2017, which was renamed Cinesite Vancouver.
Cinesite group CEO Antony Hunt said, “The TRIXTER team has a fantastic reputation for producing high quality concept art and character design alongside complex VFX and feature animation. In partnering with TRIXTER, we are executing our strategic objective of enhancing our market position in both visual effects and animation, and also benefiting from an amazing creative team of people in Munich and Berlin.
“The skills transfer, technology collaboration, shared resources and approaches across our international studios brings benefits to all our teams and the quality of the work they create. This is borne out by the success of the Cinesite group, which has continued to grow its market share and has seen its revenue increase 40% year on year since 2014."
Founded 20 years ago by Simone Kraus Townsend and Michael Coldewey, Professor at the Munich Filmschool (HFF), TRIXTER is one of Germany`s best-known VFX and animation studios, creating complex VFX work and character animation for film, broadcast and streaming media platforms. The studio, which has capacity for 220 artist in Munich and Berlin, has collaborated with Marvel Studios to bring characters like Iron Man, Black Panther, Rocket and Baby Groot to life. The company also contributed to many other projects, including 'Spider-Man: Homecoming', 'The Fate of the Furious', plus episodes for Netflix series 'Lost in Space' and 'The Walking Dead' on AMC.
"I am incredibly proud of our people and the business and brand equity we have all built," said Christian Sommer, CEO at TRIXTER. "By joining forces with Cinesite we will benefit from both their global infrastructure and a broader range of clients to further strengthen our position in the international market."
Co-founders, Simone Kraus Townsend and Michael Coldewey commented, "This is an exciting time for everybody involved and there are huge opportunities for all of us. We are pleased to have found a supportive and forward-thinking partner in Cinesite and are eager to share TRIXTER’s talents and expertise with the group."
2018 has been a busy year for the Cinesite group, having secured a $70 million financial capacity plan with asset manager Pemberton Capital. The studio’s technicians and artists have been working on some of the year’s biggest blockbusters. Recent VFX credits include 'Ant Man & the Wasp', 'Skyscraper', 'Avengers Infinity War', 'Jurassic World: Fallen Kingdom', HBO’s 'Game Of Thrones' and 'The Commuter' with further major projects coming soon such as 'Mary Poppins Returns', 'Robin Hood' and 'Fantastic Beasts: The Crimes Of Grindelwald'. www.cinesite.com