The company, whose work recently won an Oscar for 'Tenet' and includes upcoming 'No Time to Die,' is also adding feature animation in Vancouver and in total an estimated 500 employees across Canada.
DNEG’s plans for a Toronto studio is expected to create up to 200 new jobs , encompassing VFX for film and episodic projects, feature animation, and technology. DNEG global CTO Paul Salvini said new tech jobs would involve working in areas including AI and machine learning. The Toronto facility will also house a base for ReDefine, DNEG’s brand for work on smaller projects.
The company also plans to create up to 300 new roles across its Vancouver and Montreal locations, including up to 100 new positions in Vancouver for its feature animation division. DNEG’s Vancouver VFX business, which opened in 2014, currently employs roughly 500, primarily in feature VFX with recent work included.
With the Aug. 18 investment, Malhotra, also the founder and non-executive director of Prime Focus, has grown his stake in Prime Focus from 35 percent to approximately 70 percent. Additionally, Novator now owns a 15 percent stake in DNEG. DNEG employees an estimated 7,000 people across its bases, which in addition to the sites in Canada include its London headquarters, Los Angeles base, and four locations in India .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Study Shows Cannabis Consumers Are Successful, Motivated, Health-Conscious: Snoop Dogg Weighs InExclusive data from a new report on cannabis consumers conducted by dutchie, with exclusive Snoop Dogg commentary.
Read more »
MLB drops Topps in favor of Fanatics in huge trading-card shakeupMajor League Baseball and the Major League Baseball Players Association have struck new exclusive baseball card agreements with a new company controlled by...
Read more »
White House to House Dems: Drug price plan is a winning issueThe White House is aggressively touting the political benefits of President Joe Biden’s plan to lower the cost of prescription drug prices, setting up the issue as a likely focal point of Congress’ budget debate when the House returns this week
Read more »
Democrats plan vote to advance Biden's $3.5 trillion packageParty leaders face a rebellion from moderates over their plan of action, and it's not clear they have the votes to advance the budget measure this week.
Read more »
Former Strictly star Flavia Cacace-Mistry and husband Jimi reveal move to the countrysideIn an exclusive interview and photoshoot with HELLO!, Flavia Cacace-Mistry and husband Jimi have told how the pandemic pushed them to start a new life in the country
Read more »
Flash flood warning in effect for New York CityA flash flood warning has been issued for parts of southern New York state — including New York City — and northeastern New Jersey as heavy rain continues to fall from Tropical Storm Henri
Read more »