When Life of Pi received the Oscar for best Visual Effects, Rhythm & Hues, the studio responsible for its eye-popping effects, had just announced that it was filing for bankruptcy. You can now watch the full documentary, Life After Pi, which explains the industry model that is financially bleeding VFX studios dry.
In 2011-12, the VFX company Rhythm & Hues created the astounding effects for Ang Lee's gorgeous movie The Life of Pi. Then they went bankrupt, fired their staff, and went out of business. Two weeks later they won an Oscar. The new documentary Life After Pi shows how this insanity was made possible.