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Good news for D.C.’s tech scene: animation studio Pigmental Studios is relocating its headquarters from Los Angeles to D.C., a release states.

The studio, which is currently working on the $40 million 3D animated feature Kong with Aquamen Entertainment, will soon open its new headquarters in D.C., but didn’t specify when exactly. The move comes as part of Mayor Vince Gray and the Office of Motion Picture and Television Development’s push to boost the city’s production and entertainment community.

With Pigmental’s move, they’ll be relocating 12 employees while looking to hire 50 full-time employees by 2016, which they’ll partner with the Department of Employment Services to do. According to the release, Pigmental’s animators “have worked with animation studios such as Disney, Dreamworks, and Pixar,” and they’ll “produce animated content in feature film and television format, gaming, commercials, online content, and other animated media while based in the District of Columbia.”

Pigmental’s current project, Kong, just premiered a teaser trailer at the 2014 Cannes Film Festival, and will be released sometime in 2016.

“We are excited to have Pigmental call the District home and look forward to seeing the creative energy they will bring to our burgeoning film production community,” Mayor Gray said in a statement. “Attracting businesses such as Pigmental is fueled by our efforts to create a more sustainable economy and generate opportunities that tap into the creative industry.”

And here’s that Kong teaser:

Update: In response to questions raised by Greater Greater Education’s Ken Archer, DCist reached out to the OMPTD to see if the 50 employees Pigmental says they’re going to hire are committed hires or projections. In order to make the move happen, D.C. is giving a $250,000 grant to Pigmental, which the Post says will be used to “build out and furnish Pigmental’s office in the District.”

But as for those 50 people that Pigmental says they’re going to hire, that’s not a commitment to the city, but a number based on their “projections.” City spokesperson Chanda Washington says that “the number of people is not a stipulation but they are required to allocate at least 51 percent of new positions for hires [per year] who are currently District residents or new hires who become D.C. residents.”