Digital Domain 3.0, the latest iteration of the VFX company reborn out of the ashes of its 2012 bankruptcy, has promoted two execs to President. Terry Clotiaux, who served as EP of Digital Domain’s Feature Film division from 2007 to 2009 before departing to rival Prime Focus overseeing work on films including Avatar, Tron, and Men In Black 3, returned to the company in March and has now been promoted to President of Feature Film Production. In his new post he’ll oversee all VFX feature film production for Digital Domain 3.0′s California and Vancouver locations. Meanwhile, Rich Flier has been upped to President of Advertising & Games and will now oversee all ad and vidgame VFX and production at Digital Domain 3.0 and Mothership. He’s been with the company since 2011 when he joined as Executive Producer and was promoted to VP in 2012. Digital Domain 3.0 co-produced Oddlot and Summit/Lionsgate’s upcoming sci-fi adaptation Ender’s Game.
Earlier this month, a bankruptcy judge fast-tracked an auction for financially troubled special effects company Digital Domain. On Sunday, the James Cameron-founded business announced that a joint venture between Galloping Horse America and Reliance MediaWorks will acquire Digital Domain Productions and subsidiary Mothership Media for $30.2M. Under the agreement, Chinese film and TV company Galloping Horse and India’s Reliance will pick up all the of the groups’ business assets including feature film and advertising visual effects, commercial production, studios in California and Vancouver and a co-production stake in Lionsgate’s Ender’s Game of which Digital Domain has been a co-producer. Galloping Horse holds a 70% stake with Reliance MediaWorks taking 30%. “This is a great day for Digital Domain,” said CEO Ed Ulbrich. “Our new partners have incredible strength and reach in the global entertainment marketplace.
Global Showbiz Briefs: Australian Actors, BCE Plans Online Movie Service, Legend 3D & Digital Domain
Aussie Actors Win a Share of North American Revenues
Australian actors who work in local feature films will get a 3.6% royalty from North American distributors’ gross receipts four years after films are first exploited in that market under a new Actors Feature Film Agreement (AFFA). The budget of Australian films in which one or more SAG members are employed also has been raised from $A15 million ($15.5 million) to $22.5 million under the deal negotiated between Equity and representatives of the Screen Producers Association of Australia (SPAA). The new agreement, backdated to January 2012, gives Aussie actors a 17.5% wage increase over 5 years.