Kerner Optical, LLC (used to be part of ILM) has filed for bankrupcy. (Chapter 11)
Chapter 11 Voluntary Petition, Fee Amount $1039, Filed by Kerner Optical, LLC. Order Meeting of Creditors due by 02/11/2011. (Chandler, David) (Entered: 02/04/2011)
Probably inevitable as most of ILM moved to the Presidio development.
wikipedia: http://en.wikipedia.org/wiki/Kerner_Optical
Kerner Optical started when George Lucas discovered that 20th Century Fox had closed down their special effects department after Star Wars Episode IV: A New Hope was green lit for production. Lucas then started his own special effects company, Industrial Light & Magic.
In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession, and is subject to the oversight and jurisdiction of the court.
Some reorganizing, could be a sign of things to come.