15 February 2013 10:01 AM, PST | The Wrap | See recent The Wrap news »

Universal Pictures and 20th Century Fox will lend Rhythm & Hues up to $17 million to continue working on two big-budget film releases while the visual-effects company is in Chapter 11 protection, according to court filings. The El Segundo, Calif.-based visual- effects company was forced to file for bankruptcy this week, after it could not find a buyer. The move came as it is contending for two visual-effects Oscars for its work on "Life of Pi" and "Snow White and the Huntsman." Also read: At Rhythm & Hues All-Staff Meeting: Blunt Talk »

- Brent Lang

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