Lucasfilm's Singapore VFX & Animation Studio Shutting Down Amid Industry Challenges
TL;DR Summary
Lucasfilm/Industrial Light & Magic (ILM) is closing its VFX and animation facility in Singapore, affecting over 300 employees. The decision is attributed to changes in the global entertainment industry and economic factors. The closure is a setback for Singapore's aspirations to become an entertainment industry hub, as it has been overshadowed by the growth of industries in India, China, and South Korea. ILM is offering opportunities for employees to relocate to other studios and will collaborate with the local business community to provide job opportunities.
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