It will be entirely financed by VFX projects and initially only use a work-for-hire model
Goodbye Kansas Studios is to open a pop-up studio in Vancouver, Canada, this month.
It aims to attract talent and increase the company’s presence where customers operate. Financed entirely by VFX projects and initially using only a work-for-hire model, it aims to have an immediate positive impact the on Goodbye Kansas’ working capital.
The studio will be led by Peter Muyzers, who is already based in the city. In addition to extensive experience in the industry, Muyzers has worked with Goodbye Kansas Studios since 2018 with customers primarily in North America.
Goodbye Kansas managing director Markus Manninen said: “The pandemic has taught us to work effectively remotely and utilize cloud infrastructure. The new studio will make use of all these advantages. Hence no investments are needed in facilities for recording or traditional hardware, investments which have historically been necessary when establishing new studios.”
CEO of Goodbye Kansas Group Peter Levin added: “Goodbye Kansas Studios in Vancouver will add capacity and a fully flexible cost base as we now face increased demand for VFX productions. The studio will grow organically in line with the productions it brings in and it requires a limited investment to create an increased international presence and to deepen collaborations with both existing and new customers. So the studio will have a positive impact on the company’s working capital from start.”