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Renowned animation and VFX house Axis Studios is going into administration, affecting 162 employees of the Scottish institution. While involved with work in TV, film, and other media, our readers will be familiar with Axis' work in cinematic cutscenes and trailers, which is of notably high quality.

Responsible for that legendary initial Dead Island reveal trailer (as well as working on the similarly iconic Dead Island 2 trailer), Axis did a lot of unchampioned work in the industry. More recently, it worked on cinematics with Bungie and is credited for the standout work seen in Destiny 2's Lightfall.

As reported by the BBC (thanks, Insider Gaming), Axis suffered from "severe cash flow problems", the result of rising labour costs and a decline in commissioned projects. Four employees out of 166 are being retained to wind down the business, which opened its doors in 2000. Axis received both an Emmy and a Royal Television Society award for its work.

As always, our best to those affected. We're certain this loss will be felt in a decline of in-game cinematics work across the board. Remember how immaculate that first Dead Island trailer was in the comments section below.

[source bbc.com, via insider-gaming.com]