Scottish VFX Studio Axis Closes, 162 Jobs Lost

Axis Studios, known for its work on iconic game trailers and TV shows, shuts down due to financial difficulties.

Axis Studios, founded in 2000, has entered administration after facing severe cash flow issues.
The closure affects 162 employees, with only four retained to wind down operations.
Axis was renowned for its cinematic trailers for games like Dead Island, Halo, and Destiny 2.
The studio also contributed to TV and film projects, including Doctor Who and Love, Death & Robots.
Rising labor costs and a decline in commissioned projects led to the studio's financial troubles.