Disney Unit Lucasfilm's Industrial Light & Magic to Close VFX and Animation Facility in Singapore Due to 'Economic Factors Affecting the Industry'
Portfolio Pulse from Charles Gross
Disney's unit Lucasfilm's Industrial Light & Magic is set to close its VFX and animation facility in Singapore due to economic factors affecting the industry.
August 15, 2023 | 11:59 am
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NEGATIVE IMPACT
Disney's Lucasfilm unit is closing its VFX and animation facility in Singapore due to economic factors. This could potentially impact Disney's production capabilities and costs.
The closure of the VFX and animation facility in Singapore could potentially impact Disney's production capabilities and increase costs. This could negatively affect Disney's profitability and hence its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The closure of Disney's Lucasfilm's VFX and animation facility in Singapore could potentially impact the local economy and hence the EWS ETF.
The closure of the VFX and animation facility could potentially impact the local economy in Singapore, which could in turn impact the EWS ETF, which tracks the performance of the Singaporean market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50