Original URL: http://www.theregister.co.uk/2012/08/29/fuelvfx_goes_into_admin/

Mission Impossible for animation house Fuel VFX

Oz company titsup despite work on Avengers, Prometheus and Iron Man 2

By Natalie Apostolou

Posted in Business, 29th August 2012 03:51 GMT

The trailblazing Australian visual effects outfit behind CG animation for Ridley Scott’s Prometheus, The Avengers, Mission Impossible and Iron Man 2 has plunged into voluntary administration.

The high end production house was launched in 2000 by a small group of VFX producers, using locally developed technology smarts to power the effects behind a raft of Hollywood big budget features.

Despite recent wins overseas the company has been affected by the high value of the Aussie dollar and has not been able to weather the local slow down in production activity, appointing administrators Jirsch Sutherland Partners this week.

"The company's directors have advised Jirsch Sutherland that, being independent, the company has struggled to navigate the downturn in work that is affecting many visual effects companies worldwide at the moment," the company said in a statement.

Administrators said that the owners are seeking to preserve and restructure the business and are looking for expressions of interest in the business and its assets.

Fuel's burnout may also impact the storage industry: the company is known to be a customer of third party NetApp service provider Zerowait. ®