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The VFX industry faces several challenges, leading to layoffs:
Business Model Issues:
Race to the Bottom: Studios compete on low bids, affecting quality.
Tight Budgets: Cost-cutting over quality.
Unsustainable Conditions: Long hours, unpaid overtime, unsafe work1.
Global Challenges:
COVID-19 Pandemic: Disrupted film and TV production worldwide.
Strikes: Screen Actors Guild and writers’ strikes impacted production work2.
Financial Pressures:
Demand for VFX: Growing demand, but studios struggle to earn enough.
Tax Benefits and Cheaper Rates: Studios seek countries with favorable tax benefits and lower costs.
Despite recent mergers, artists continue to struggle in the VFX industry. 🎥🌟
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