Vp of VR and AR productions, Digital Domain
In a filing with the Hong Kong stock exchange, Digital Domain
said Citic and SB China Venture Capital agreed to subscribe to a total 363.
By utilising live-streaming in a 360-degree atmosphere, we are planning to provide more exciting virtual reality experiences for a variety of sporting events, live performances, concerts and other popular entertainment activities in the future to bring this content to more regions in Asia," said Daniel Seah, Chairman and CEO, Digital Domain
, which has delivered visuals for more than 90 movies including Titanic, Pirates of the Caribbean and Avatar, had filed for bankruptcy protection on September 11.
Media filed for bankruptcy in the US on 11 September and in Canada on 18 September.
By the time Digital Domain
went into Chapter 11 bankruptcy court on Tuesday, shares were worth 55 cents.
, which has worked on more than 90 major motion pictures, including Pirates of the Caribbean: At World's End, Transformers, The Curious Case of Benjamin Button, Star Trek and X-Men: First Class, was due to open a VFX studio in twofour54 at the beginning of 2013.
sought similar protections from a Canadian court.
The Digital Domain
Institute/Abu Dhabi will train students in the essential skills of digital media production for entertainment, simulation and related applications.
Lucie, Florida-based Digital Domain
plans to establish an animation, visual effects and motion-capture studio and a media school in Abu Dhabi as part of the deal.
Behind the scenes, Digital Domain
and other pioneers have been working on digital resurrection for some time.
BANKING AND CREDIT NEWS-May 17, 2011--BarCap to handle Digital Domain
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