Alas, this article doesn't explain the problem. Ok, VFX companies are going out of business while the films they helped make are having success and winning awa

Alas, this article doesn't explain the problem. Ok, VFX companies are going out of business while the films they helped make are having success and winning awards. Why? Did they not charge enough? Are they left holding the bag when effects go over budget? I had a short period in Hollywood working with a VFX house many years ago, back then they had racks and racks of young artists doing the work. They were able to hire them cheap and sell the results of their work to the industry for a good price, making it pretty profitable. However, that business model resulted in a boom of boutique VFX houses... so is this just a boom that has gone bust because too many houses were created to chase too few jobs? Or are domestic producers unable to compete with foreign producers because they can get even cheaper young artists to do the work? And if so, why not split the work and create overseas divisions to do the more grunt work while keeping the experienced artists at home working on the harder stuff? Seems engineers have the same potential risk, but american engineers are still able to compete.