is snapping up premiere visual-effects house Scanline VFX
, announcing a deal to acquire the company that has done work on Netflix originals like “Stranger Things
” as well as tentpole movies for Marvel, DC and others.
Financial terms of the pact were not disclosed. The deal is expected to close in the first quarter of 2022, subject to regulatory approvals and other usual closing conditions.
Netflix said it will operate Scanline VFX as a standalone business that will continue to work with a variety of clients. Founded in 1989 in Munich, Scanline VFX also operates locations in Los Angeles, London, Vancouver, Montreal, Stuttgart and Seoul.
It’s the second major M&a deal in the VFX
space this month, after game-development software vendor Unity
said it will buy Peter Jackson
Digital technology and tools business for $1.625 billion.
For Netflix, Scanline VFX has provided effects for “Stranger Things 3
” — and is