Definitely the end of an era as far as I'm concerned...
The unit responsible in the largest part for the epic look and feel of films like Raiders, Star Wars, and even the Die Hard trilogy is to be sold off as a relic of the Lucasfilm/Industrial Light & Magic empire.
Though "officially" the sale is not yet complete, Variety News posted the following information regarding the long standing production house's inevitable sale and shuffle from ILM...
http://www.variety.com/article/VR1117945240?categoryid=13&cs=1
Though it will be helmed by Mark Anderson, a model maker for ILM for some 15+ years, the actual physical 'production house' had actually never made the relocation to the Letterman Digital Arts Center move to San Fran's Presidio like much of the ILM base...
Instead, it continued to reside at its current [some say original!] stomping grounds on Kerner Avenue in San Rafael. ILM long ago was not recieving the quantity of requests-for-work that it had back in the 70s and 80s so thusly, the PP facility is being sold to what will hopefully be remonikered as Kerner Optical.
"Kerner Optical" will continue the legacy of ILM-esque quality work- but will no longer be bourne of the ILM name. They will also have "first right" to any work requiring physical production, but they will be wholy responcible for finding their own work to survive.
Truly the end of an era, both in the world of filmmaking as well as the Lucas Legacy as we once knew it.
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