Broadcast and reside occasions firm NEP Group — which is U.S. headquartered and maintains operations in 25 international locations — has acquired Prysm Collective, Lux Machina and Halon Leisure.
The mixed new entity will kind a brand new enterprise enterprise, NEP Digital Studios. The phrases of the offers weren’t disclosed.
Leisure business veteran Cliff Plumer, who joined NEP as a part of the Prism acquisition, will lead the enterprise. Plumer has served as CEO of VFX studio Digital Area, CTO of Lucasfilm and Industrial Gentle & Magic, and president of the previous VR enterprise Jaunt Studios.
Rounding out the manager staff are Jeff Ruggels (who additionally joins from Prism) as senior vp of finance and operations. Phil Galler and Zach Alexander will proceed to steer Lux Machina, as co-presidents of that enterprise unit; and Daniel Gregoire and Chris Ferriter will proceed to steer Halon, as that enterprise unit’s government inventive director and president, respectively.
With the deal, the brand new enterprise’s offing will together with LED levels and Unreal Engine, a digital artwork division, previsualization, digital manufacturing supervision and artistic and technical consulting. Lux Machina will proceed to keep up its location in downtown Los Angeles, and extra levels are being deliberate.
Mentioned NEP CEO Brian Sullivan: “Once we first began speaking to Prysm Collective we have been amazed at how carefully they have been aligned with considered one of NEP’s latest strategic aims of constructing out the main international digital manufacturing enterprise. It was clear that becoming a member of forces would speed up the trail ahead for NEP, Prysm, Lux Machina and Halon collectively.”
https://www.hollywoodreporter.com/enterprise/digital/nep-acquires-lux-machina-halon-prysm-collective-virtual-production-business-1234991516/ | NEP Acquires Lux Machina, Halon, Prysm Collective – The Hollywood Reporter