A PYMNTS Company

Netflix To Buy Scanline VFX, Effect Studio Of ‘Stranger Things’ & ‘Games Of Thrones

By  |  November 23, 2021

Netflix is buying 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, reported The Wall Street Journal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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’s Weta Digital technology and tools business for $1.625 billion.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.