By Myrna Tobisoo, March 13, 2007
Sony Pictures Imageworks, a leading Hollywood visual effects company, plans to move more than 100 jobs from Culver City to New Mexico if state lawmakers give their expected blessing next week to film industry financial sweeteners, reports the Los Angeles Times.
The proposed facility in New Mexico would eventually employ about 300 visual effects technicians and computer animators — about a third of Imageworks' current workforce — within the Albuquerque Studios, a newly opened film and TV production studio near the city's airport, according to three people familiar with the plans.
The project, however, hinges on approval of a state bill that would make permanent an existing program providing a combined 25% rebate on taxable production expenses
. Sony had been seeking reassurances from state officials that the company would fully qualify for the rebate.
Click here to read the full article by Richard Verrier.
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