The Dublin-based post-production studio Windmill Lane Pictures has announced its immediate closure.
In a statement released on Thursday evening, the board of directors announced that despite their best efforts to keep operations going, the business had become insolvent and was no longer viable in its current form.
Established in 1978 as a recording studio and TV commercial post-production facility, the Dublin-based studio collaborated with some of the biggest musicians of the 1980s, including U2, David Bowie, AC/DC, and Bruce Springsteen.
The company employs around 30 people. All five seasons of Love/Hate were finished in Windmill Lane.
The board said in a statement: ‘The global film and post-production industry has faced significant headwinds in recent years, including increasing cost pressures, rapid technological changes, and the ongoing challenges of operating in a competitive international market.
‘More recently, the extended writers’ and actors strike in the United States has caused a severe disruption to production pipelines worldwide, creating a knock-on effect that has impacted businesses across the film ecosystem, including ours.
‘In addition to these global pressures, challenges on the domestic front have further compounded the difficulties faced by the business – the erosion of international competitiveness of the Section 481 VFX film tax credit has made Ireland a less attractive location for this type of work.’
Windmill Lane Pictures has been separate from Windmill Lane Recording Studios since the early 90s. Windmill Lane Recording Studios said in a statement that it was very sorry to hear of the closure,
