Visual effects firm Digital Domain sold for $30M
Canadian film director James Cameron poses next to a ships wheel from the film ‘Titanic’ as he visits the Titanic Belfast Museum in Belfast, Northern Ireland, on September 7, 2012. AFP FILE PHOTO
NEW YORK – The bankrupt digital production company founded by director James Cameron is getting sold to a joint venture formed between a Chinese media company and an Indian counterpart for $30.2 million.
A U.S. subsidiary of Beijing Galloping Horse Film & TV Co. and Mumbai-based Reliance MediaWorks teamed up to outbid other companies in a bankruptcy court auction Friday. The deal was announced by the companies Sunday night.
Digital Domain, best known for its work on Cameron’s “Titanic,” has produced visual effects for more than 90 movies, including “Pirates of the Caribbean: At World’s End” and the “Transformers” series. In April, its Tupac Shakur hologram made a splash when it took the stage at the Coachella Valley Music and Arts Festival and appeared to perform alongside Snoop Dogg.
