The agency has signed new client Digital Domain 3.0 as the visual effects company continues to bounce back out of a 2012 bankruptcy. Digital Domain’s current iteration was acquired last year by Sun Innovations which appointed Daniel Seah as CEO. WME will advise on continued growth and expansion in visual effects, virtual performance productions like 2012′s Tupac resurrection at Coachella, and commercials. The agency will also advise in the area of film financing following Digital Domain’s test-run with Lionsgate’s Ender’s Game. Digital Domain took a co-producer credit and provided cash and VFX for the $110M sci-fier, in which it was an equity stakeholder. Digital Domain 3.0 is currently working on Disney’s Maleficent and is Oscar-nominated for Marvel’s Iron Man 3.
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.
Big changes at Digital Domain after Hong Kong-based holding company Sun Innovation paid $50.5M for the parent of Galloping Horse, a film and TV firm that owned 70% of the VFX house. Ed Ulbrich, who has been at Digital Domain since director James Cameron helped to found it in 1993, has stepped down as CEO to become a creative consultant. He will continue working as a producer on Lionsgate’s Ender’s Game. Replacing him in the top job is Sun’s Daniel Seah who has managed projects in entertainment, media, energy, and environmental protection and technology, the compnay says. The changes follow Sun’s acquisition of Galloping Horse US, the Beijing company that partnered with Reliance MediaWorks to purchase Digital Domain out of bankruptcy in 2012. Reliance will continue to own a minority stake in the company, now dubbed “Digital Domain 3.0.” It has shaped effects for Titanic, Pirates of the Caribbean: At World’s End, the Transformers trilogy and TRON: Legacy.
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.