Rising Sun Pictures Sold To US
Australian award-winning visual effects business Rising Sun Pictures (RSP) has been snapped up by Los Angeles-based studio FuseFX in a bid to bring new funding to boost global growth.
The 25-year-old Adelaide-based RSP boasts 170 artists and has won international acclaim for across a range of projects, including the latest Mortal Kombat movie, filmed partly in South Australia and many more blockbusters.
RSP co-founder Tony Clark will continue to lead the studio and operate under the Rising Sun Pictures brand.
“This is about succession and growing RSP over the next 10, 20 years,” Clark said. “As a small group of shareholders, we could only fund this fast-growing business to a point.”
Clark said RSP will embark on an expansion plan over the next few years, hiring a substantial number of people over at least the next six months based on the number of signed new projects that are already in production.