Dublin visual and audio post-production facility has its roots in storied recording studios on Dublin quays where U2 and other major acts once rehearsed and recorded
The facility has its roots in storied recording studios on Dublin quays where U2 and other major acts once rehearsed and recordedThe business, based on Herbert Street, Dublin 2, is insolvent and no longer viable in its current form, the directors said in a statement. It is understood the 31 employees of the business were told of the decision on Wednesday.
“The global film and post-production industry has faced significant headwinds in recent years, including increasing cost pressures, rapid technological changes, and the ongoing challenges of operating in a competitive international market,” the directors of the company said.
“The erosion of international competitiveness of the Section 481 VFX film tax credit has made Ireland a less attractive location for this type of work. The directos said they were deeply grateful to the company’s talented team, whose creativity and dedication had been the cornerstone of its achievements in the industry, as well as to its clients and partners for their trust and collaboration over the years.
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