April 17, 2014 2:56 AM ET

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Company Overview of Rhythm & Hues Studios, Inc.

Company Overview

Rhythm & Hues Studios, Inc. produces computer generated visual effects and animation for movies and commercials. The company was founded in 1987 and is based in El Segundo, California. As of March 29, 2013, Rhythm & Hues Studios, Inc. operates as a subsidiary of Prana Studios, Inc.

2100 East Grand Avenue

El Segundo, CA 90245

United States

Founded in 1987

Phone:

310-448-7500

Fax:

310-448-7600

Key Executives for Rhythm & Hues Studios, Inc.

Co-Founder
Co-Founder and Vice-President of Software
Co-Founder and Vice-President
President of Film Division
Head of Production of Live Action Rhythm - Hues Commercial Studios
Compensation as of Fiscal Year 2013.

Rhythm & Hues Studios, Inc. Key Developments

R&H Faces 2 Class-Action Suits Filed by Employees

Two R&H employees filed class-action suits against the company on February 15, 2013, claiming that its decision to fire hundreds of workers just before filing for bankruptcy protection violated labor laws requiring 60 days' advance notice of terminations. The company filed for Chapter 11 protection on February 13, 2013. Employees were informed of the layoffs on Feb. 10 and 11, according to the suits. The class action suits cite violations of the 1988 Worker Adjustment and Retraining Notification Act, which requires larger companies to give employees at least 60 days' advance notice of plant closings or mass layoffs.

Rhythm & Hues Lays Off 200 Employees as its Los Angeles-Area Operations

Rhythm & Hues has laid off 200 employees as its Los Angeles-area operations file for bankruptcy protection. The layoffs come as the El Segundo company, whose work on the movie 'Life of Pi' is up for a visual effects Oscar, is preparing to seek bankruptcy protection from creditors amid mounting financial difficulties. The layoffs and planned bankruptcy filing are the latest signs of distress among California-based visual effects companies, which have had an increasingly difficult time competing with companies in Canada, Britain and India that benefit from tax credits or cheaper labor to produce visual effects at a lower cost.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 9, 2013
2100 Grand LLC
 

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