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Is There a Trade Association for Visual Effects?
Dave is more optimistic. He says there's a history of international unions working together. Also, he says the effects companies have other bargaining chips that they can use. Even if a studio in India came up for a hundredth of the cost and had crazy talented artists, they won't be able to do what Weta did for Avatar. Many of the big studios have their own rendering engine and material systems that are completely bespoke to them.