Nov. 7, 2012
-- In a statement released today at the American Film Market Triple Hue Media announced a partnership agreement with South Korea’s Macrograph, the award winning visual effects firm that created all the visual effects for Hollywood blockbuster “Forbidden Kingdom”.The merger brings together over 150 premier digital artists and producers, making Hue-MG one of the largest and most talented VFX companies in Malaysia.
“This partnership is a merger of two of the most talented design teams in the VFX industry,” a company spokesperson from Macrograph stated this morning from their Kuala Lumpur offices. “In addition to the experience and proven track record of success, combining our efforts here in Malaysia allows us to take advantage of a 30% tax rebate offered by the government as well as additional 10% Korean incentive program, its up to 40% savings we can pass on to our clients and allow us to compete with Canada and UK tax incentives programs.”
Triple Hue Media was originally formed in 2004 as Hue Visualab. They re-branded in 2012 with a three new divisions Hue Pix, a feature film production and development division, Hue Lab a commercial and digital media division. The new entity, Hue-MG, will deal mainly with high end visual effects, a perfect compliment to the work done recently by Macrograph in the film industry. Hue-MG also announced that visual effects supervisor Jim Rygiel, three times Oscar winner with a total of nine Oscar nominations to his credit, will consult and guide the team to ensure Hollywood high end visual effects.
Hue-MG is destined to be an instant industry leader in CGI, films, television and commercials,”
said Denise Tay Managing director of Hue MG. “We also have the resources of Pinewood Studios and the support of FINAS behind us in this endeavor, so we’re expecting good things from this merger. We expect more successes like “Forbidden Kingdom” in the near future.”
Matthew Ho a local visual effect artist said, "Companies like Hue MG are vital to the growth of the creative industry and we proudly support such an expansion. Not only does it help meet the demand for higher end Malaysian VFX production, it creates new jobs and promotes international cooperation between Malaysia, South Korea, and the rest of the world."
CEO Michael Lake, head of Pinewood Iskandar Malaysia Studios funded by Khazanah Nasional Bhd, the investment holding arm of the Malaysian government, added, "In 2013 our studios will be ready to serve the entire entertainment industry and will become the new destination facility for the production of filmed entertainment in Southeast Asia. We’re extremely excited of Hue MG partnership and their amazing ability to create Hollywood style visual effects and looking forward to welcome them to Johor facility.