19th June 2017

VFX House Milk Raises $2.5 Million, Names Ivan Dunleavy Chairman

The Hollywood Reporter, Carolyn Giardina

Dunleavy is former Pinewood Group CEO

Milk Visual Effects, the four-year-old U.K.-based company behind the VFX of Oscar-winning Ex Machina and Emmy champ Sherlock, is getting ready to grow.

BGF (Business Growth Fund) has invested an initial £2 million (roughly $2.5 million) in Milk, and Ivan Dunleavy, former CEO of Pinewood Group, has joined the company as chairman of the board.

Dunleavy has been serving as senior advisor of Pinewood Group since April after working as its CEO from February 2000. He served as an executive producer on such films as Amma Assante’s Belle and Lone Scherfig’s The Riot Club.

The exec said in a statement that the Milk team “has done a fantastic job at building the business and establishing its credentials in the globally competitive VFX marketplace. I look forward to working with them and BGF in realizing the next stage of our exciting plan to develop the Milk brand even further, at a time when audiences on all channels and platforms expect quality creative content.”

Milk was founded and is led by a team of VFX pros including Will Cohen, the company’s CEO and executive producer; and VFX supervisor/head of 2D Sara Bennett, who, for her work on 2015’s Ex Machina, became only the second woman to win an Oscar in VFX, which she followed up that same year with an Emmy for Sherlock.

Cohen told The Hollywood Reporter that with the additional funding, Milk plans to take over a second floor at its London headquarters (it also maintains space in Cardiff, Wales), roughly doubling its total space to 10,600 square feet. Milk currently employs a staff of 150, and Cohen related that the plan is to grow to roughly 200-220 in the short term. Long-term, the company aims to operate with 350-400 employees.

The studio started with a focus on TV work, in addition to Sherlock, that has included BBC’s Doctor Who (the latest season is currently in production) and Jonathan Strange & Mr Norrell and the upcoming Electric Dreams (Channel 4 and Sony).

The company now aims to expand into feature film work, having recently contributed to titles including Fantastic Beasts and Where to Find Them for Warner Bros., The Divergent Series: Insurgent  for Lionsgate/Summit, Everest for Universal and, of course, the Alex Garland-helmed Ex Machina.

Milk is currently working on feature projects including Garland’s upcoming Annihilation, as well as Kingsman 2.

According to Cohen, a “small part” of the growth plan also includes virtual reality (its recent work includes New Reality Company’s Tree) and special venue entertainment

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