Subscribe Now!

Latest News

  • Page Views 744

Is Adobe Buying The Foundry for £200m?

News out of the Telegraph is that software giant Adobe is preparing a bid in the neighborhood of £200m (around $302 million USD) for British visual-effects software developer The Foundry.

The Foundry, a UK-based technology company, was put up for sale late last year by private-equity owners Carlyle.

The Shop of Nuke boasts around 20,000 clients including Warner Bros, Sony Pictures and Pixar. According to The Telegraph, Carlyle is said to be looking for offers of between £150m and £200m, which reported £10m of earnings last year.

Beyond their keying favorite, Keylight, The Foundry’s visual-effects tool, Nuke, has been used in most modern major blockbusters, such as Tom Cruise’s Edge of Tomorrow, Avatar, the Twilight series, and Guardians of the Galaxy.

Additional offerings include the recently launched concept design software product called Modo, a tool that can help it’s users build prototype cars, phones and other models in 3D rather than having to first hand draw them in 2D and then physically build them from there.

The company has also partnered with Weta Digital, the post-film-production house owned by Lord of the Rings director Peter Jackson, to create a 3D painting tool.

The Foundry, which was started in 1996, employs around 370 people across its London, Manchester, Los Angeles, Silicon Valley and Shanghai offices.

While neither side will confirm or deny the rumor, The Foundry is said to have attracted interest from Adobe, which makes sense due to their complementary applications.

So, the million dollar question is: will this kind of purchase better benefit After Effects users or Nuke users? ProductionWorld.net is excited to see how this plays out, but don’t know enough to speculate. Luckily, Digital Arts doesn’t mind speculating for us.

Share This Article

Production World at NAB 2015: Blackmagic Design URSA Mini

Next Story »

Production World at NAB 2015: Rampant Design Tools and 4KFree.com

Leave a comment

Your email address will not be published. Required fields are marked *