Dimension Studio has announced a multi-million pound investment from US-based private equity firm, Growth Capital Partners (GCP).
Fuelling the planned expansion of the virtual production studio, the injection will enable Dimension to increase production capabilities in markets including the UK, US and Europe, said the company.
The funding aims to allow Dimension to accelerate its end-to-end virtual production pipelines and technology advances from its Applied Tech team. It will also enable training and education as the studio looks to the future of real-time and artificial intelligence innovations.
The investment follows the launch of DNEG’s new division, DNEG 360, which is operated by Dimension. Next month, Dimension will officially open a new virtual production complex in West London, in collaboration with DNEG 360 and Sunbelt Rentals. The company said the facility will feature one of the largest LED volumes in Europe, alongside performance, vehicle and volumetric capture stages.
Simon Windsor, co-founder and co-CEO at Dimension, said: “For over 10 years Dimension has been at the cutting edge of real-time and virtual production, with our advanced 3D content pipelines and technologies powering major films, shows, media, and entertainment experiences. The rapid acceleration and convergence of real-time, volumetric, and AI technologies increasingly present unparalleled creative opportunities for filmmakers and storytellers, bringing with it game-changing production approaches, new efficiencies, and greater quality.
“Dimension has built one of the largest and most experienced virtual production teams and, as demand for our services continues to grow, we are thrilled to partner with the exceptional team at GCP to invest in our exciting roadmap and the expansion of our UK and global production capabilities.”
