The Meteor case has become a symbol of the shaky standing of the vfx industry and vfx artists in particular. Vfx artists have no union or guild, and no Hollywood union has consented to represent them. Meanwhile, some vfx studios are in such bad financial shape, with current income used to pay off past debts, that one analyst has called the entire business “a Ponzi scheme.”
Snippet from VARIETY article by By BRENDAN KELLY
Variety Article on Meteor Studios and the the Visual Effects Artists that worked there.