Adelaide will be home to award-winning international visual effects studio Technicolor

International entertainment company Technicolor will open an Adelaide visual effects studio, promising to create hundreds of jobs over the next few years.

The studio — which will cost $26 million — is due to open by the second half of the year.

Technicolor's credits include The Shape of Water — which has been nominated for 13 Oscars — along with films including The Jungle Book, The Martian and Wonder Woman.

Chief executive Fred Rose listed favourable tax arrangements in the state and a strong pool of young talent being behi

nd their decision to locate in Adelaide.