FuseFX acquires Rising Sun Pictures of Australia

FuseFX - an award-winning, full-service visual effects company with studios in Los Angeles, New York, Atlanta, Vancouver, Montreal, Toronto and Bogotá - announces the acquisition of Rising Sun Pictures (RSP), a world-renowned end studio firm of visual effects based in Adelaide, Australia.

Rising Sun Pictures, founded in 1995 by Tony Clark, Gail Fuller and Wayne Lewis, offers a full suite of visual effects services and has a long tradition of creating world-class visual effects for many of Hollywood's biggest blockbusters and streaming content. Throughout its 25-year history, RSP has established itself as one of the elite visual effects studios in the world.

Clark will continue to lead the studio as CEO and will operate under the Rising Sun Pictures brand. Together, the combined companies have nearly 800 artists in eight locations around the world. The partnership represents the coming together of two great teams, both bringing world-class expertise from their respective fields.

"Tony, Gail, Wayne and the entire Rising Sun Pictures team have created one of the most established and respected independent studios in the world," said David Altenau, founder and CEO of FuseFX. “Their commitment to providing the highest quality art and services to their clients has helped make them an icon in the visual effects industry. Their previous work and position in the industry make them a fantastic partner for FuseFX. "

Clark said, "We are very excited to partner with FuseFX, which comes at an ideal time as we grow to meet demand over the next few years. Our vision for Rising Sun Pictures is to be a key component of the global visual effects company at next generation full service and, with the FuseFX partnership, we can achieve this vision to ensure we remain at the forefront of visual effects production and remain a trusted creative partner for our customers. "

"I would like to sincerely thank my fellow founders and shareholders for the past 25 years," added Clark. “We have all been crucial to RSP's success, culminating in this pivotal moment in time. RSP will initiate an expansion plan in the coming years and we are grateful to partner with David Altenau and the FuseFX team to help realize RSP's full potential. "

As RSP continues to implement his plan, Tony will be joined by RSP's established executive management team, including CFO Gareth Eriksson, Chief Business Development Jennie Zeiher, Executive Assistant Maree Friday, Chief of People and culture Scott Buley and head of production and executive producer Meredith Meyer-Nichols. There will be no operational changes to the RSP business and the team will look to add talent following a recent expansion of the Adelaide location that provides the studio with 270 crew capacity.

Over the past year, the studio has contributed to projects including the upcoming Disney Jungle cruise, led by visual effects supervisor Malte Sarnes and as the primary supplier of New Line Cinema Mortal combat, under the direction of visual effects supervisor Dennis Jones (on HBO Max April 23).

The state government of South Australia welcomes news of the partnership between FuseFX and RSP. "South Australia is experiencing a golden age in film, television and streaming services, and FuseFX's decision to invest in Adelaide confirms the Marshall government's ambitious strategy," said David Pisoni, Minister for innovation and skills.

Clark said, "The state government has been incredibly supportive of RSP and creative industries in South Australia. The incentives offered, in combination with federal incentives, mean South Australia is a prime destination for visual effects production and will continue. to be so for years to come ".

Altenau concluded: "We are thrilled to join forces with Rising Sun Pictures to help fuel their ambitious expansion plans and to offer an even broader range of expertise, geographic locations and storytelling solutions to our quality and quality clients. service. required. "

FocalPoint Advisors, LLC served as financial advisor to FuseFX and Will Berryman advised RSP.

fusefx.com | rsp.com.au