The Yard completes the purchase of its new premises in Montpellier
The Yard is in the press! The French newspaper La Lettre M has interviewed CEO Laurens Ehrmann about the studio’s development in Montpellier, in the south of France.
The French newspaper La Lettre M recently interviewed Laurens Ehrmann, CEO of The Yard, regarding the latest developments for the studio in Montpellier, in the south of France. Despite the writers’ strike impacting the global film industry, the company maintains a sustained growth pace in the 2023 fiscal year, with a forecasted revenue of around 11.5 million Euros.
The article reveals the finalization of the purchase of new premises near the Saint-Roch train station in Montpellier, just a couple of months after the inauguration of the initial site at the Hôtel d’Entreprises du Millénaire.
We are acquiring a studio space of 650 m2, doubling our current area. The signing is scheduled for mid-January, and the move will be effective next summer.
An exponential growth
Created less than a decade ago, The Yard VFX has experienced exponential growth in the last 24 months. The company multiplied its workforce tenfold in two years, and its revenue surged from 1 to 11 million Euros during this period, largely due to the rise of streaming platforms amid the pandemic.
Specializing in feature films and series, the company conducts 90% of its business internationally through a network established with clients, supervisors, and producers. Notably contributing to major productions like ‘Indiana Jones and the Dial of Destiny‘, ‘John Wick : Chapter 4‘, and the upcoming season 2 of ‘The Rings of Power‘ series, the company successfully navigated the writers’ strike (from June to November) without resorting to layoffs.
As the winner of the ‘La Grande Fabrique de l’Image’ project call for France 2030, The Yard VFX has chosen to establish its second studio in Montpellier due to synergies with local stakeholders. Through a collaborative response to a consultation, the company has formed strategic partnerships with the Montpellier-based school ArtFX and the upcoming film center Pics Studio, envisioning the creation of 43,000 m2 of film production studios.
The company plans to conduct initial master class sessions for ArtFX in early 2024 and launch a third studio in Lille in March, connected to the establishment of a 6,000 m2 ArtFX campus in the north of France in October 2023.
The articles were originally published in French in La Lettre M. Click on the links below to read their initial versions: