Exclusive: VFX studio in Taiwan pact

Visual effects company Rhythm & Hues Galleries has pacted for 3 new endeavors in Taiwan: a movie investment fund, a brand new visual effects facility along with a cloud computing center for that vfx and animation industries. The deals, to become official in signing events on 12 ,. 30 in Taipei and 12 ,. 31 in Kaohsiung, sets up three stand alone businesses. The film investment fund, East Grand Films, has been setup by using Taiwan's Secretary of state for Economic Matters. It aims to co-finance and co-produce "major Hollywood movies," based on R&H. East Grand will leverage R&H's Hollywood associations to locate investment possibilities. R&H sets up its new vfx facility within the southern town of Kaohsiung. It aims to eventually employ 200 Taiwanese artists. The brand new facility is going to be La-based R&H's sixth, joining facilities in Vancouver Hyderabad, India and Kl, Malaysia. The cloud computing center is going to be setup like a partnership between R&H, Chunghwa Telecom and Quanta Computer systems, a maker of mobile computing and electronic hardware. R&H is crediting helmer Ang Lee, who's dealing with the organization on Fox's "Existence of Pi," with recommending greater cooperation between R&H and Taiwan. "He opened up doorways for all of us using the MOEA," stated Lee Berger, prexy of R&H's film division, "And we have been very impressed using the support and guidance we have received in the Taiwanese government since.Inch Besides "Existence of Pi," R&H's slate includes "Large Miracle," "R.I.P.D." and "Snow Whitened and also the Huntsman." Studio is renowned for its fur and animal work, that was conspicuously featured within the Oscar-winning vfx for "The Golden Compass." It had been a producer on "Yogi Bear" and it is developing its very own feature qualities. Its development slate including "Super Zero," to become helmed by John Dykstra. Contact David S. Cohen at david.cohen@variety.com