Bankrupt visual effects firm Rhythm & Hues auctioning off assets
It looks like Rhythm & Hues is still downsizing.
The El Segundo visual effects company, which filed for Chapter 11 bankruptcy in February, is auctioning off assets, including computers, furniture and film equipment.
Bidding will conclude July 24 at 10:30 a.m., said Tiger Group, the company conducting the auction. Rhythm & Hues is selling hundreds of items that it no longer needs for its operations.
ON LOCATION: Where the cameras roll
For example, more than 150 computers are going on the auction block, along with more than 300 Herman Miller Aeron chairs.
Film equipment for sale includes a 2006 Film Light Northlight scanner, an Arri Arrilaser film recorder and two animation cameras.
Founded in 1987, Rhythm & Hues created effects for movies including “The Golden Compass,” “Babe,” “Django Unchained,” “Snow White and the Huntsman” and “Life of Pi,” for which it won an Oscar.
The company started laying off workers as film production from its largest customers declined.
Rhythm & Hues was acquired by a subsidiary of Prana Studios, a Los Angeles animation and effects company, in March for about $30 million, ending a closely-watched auction.
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