Digital Domain filed for bankruptcy
Digital Domain, the company responsible for creating special effects for the most famous movies of the last two decades, initiated its own bankruptcy proceedings. According to The Hollywood Reporter, the company took advantage of the 11th chapter of the American bankruptcy code, which allows restructure debt and postpone payments to creditors. Digital Domain also agreed to sell all of its US and Canadian assets to Searchlight Capital Partners. The deal will amount to only $ 15 million. Recall that Digital Domain was created in 1993 by James Cameron, Stan Winston and Scott Ross. Over the years, the studio has been creating special effects for such famous movies as `` Titanic '', `` Avatar '', `` Transformers, I, Robot, The Day After Tomorrow, Pirates of the Caribbean 3: At World's End, Tron: Legacy and many others. Seven times her work has been recognized by the Oscar, and received many other prestigious awards. Since 2006, the company has been owned by the investment fund Wyndcrest Holdings, one of the participants in which was director Michael Bay. Then the controlling stake passed to the Palm Beach group. Since 2006, the company has been owned by the investment fund Wyndcrest Holdings, one of the participants in which was director Michael Bay. Then the controlling stake passed to the Palm Beach group.Since 2006, the company has been owned by the investment fund Wyndcrest Holdings, one of the participants in which was director Michael Bay. Then the controlling stake passed to the Palm Beach group.The Topic of Article: Digital Domain filed for bankruptcy. |
