Envy had acquired the commercial post and animation facilities in November 2022
Commercial post and animation houses Absolute and Blind Pig have ceased operations.
The pair were acquired by Envy in November 2022, and a statement from the company said that, “The decision was reached after extensive consideration and every effort to continue trading in an increasingly challenging environment. Ongoing shifts in the industry landscape, rising operational costs, tightening production budgets, and a significant downturn in available work ultimately made the business unsustainable.”
Broadcast Tech understands that just over 70 employees have been made redundant.
David Smith, CEO of Absolute and Blind Pig, said: “This has been an incredibly difficult decision. Absolute’s team, clients and collaborators have contributed enormously to the company’s legacy, and we are deeply grateful for everything they have built. The challenges facing this sector are real and widespread and despite our best efforts, we were unable to find a sustainable way forward.”
The Envy statement continued, “The wider post production and commercial production ecosystem has faced mounting strain in recent years, with many companies experiencing similar challenges. Changing client demands, increased cost pressures, market consolidation, and broader economic uncertainty have created difficult trading conditions across the sector.”
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