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Recession Strategies: Overseas View

The city of Dubai, United Arab Emirates, is about as far from Hollywood as you could imagine, and yet, in recent years, boutique animation and visual-effects facilities popped up in the region to service the booming advertising and real estate industries. That boom, however, has slowed, and as a result, some of those companies have gone away, and others are retrenching. One of those is Blackstone Studios, a 2-year-old visual-effects and animation facility that launched to make design and promotional films for the real estate industry, but which is now in the midst ...

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