Archive notice: This article was originally published on May 17, 2006. Links and embedded videos are preserved as part of the historical record.
Digital Domain, the effects studio behind theatrical productions such as “Titanic”, “Day After Tomorrow” and “I, Robot”, has been bought by the investor group Wyndcrest Holdings. It is led by director Michael Bay (“Texas Chainsaw Massacre”) and investor John Textor. The new managing director is Carl Stork – a long-time Microsoft manager -, who replaces previous CEO Scott Ross with immediate effect. According to the official account, he is to remain associated with the company as a consultant. Bay and Textor join the Digital Domain board.
“At a time when all high-grossing theatrical films rely on digital effects to tell entertaining stories, companies in this field have a great future ahead of them”, explains Carl Stork: “We believe that Digital Domain represents a unique investment.”
Digital Domain was founded back in 1993. The company operates as a full-service service provider that produces visual effects for theatrical films, commercials and music videos. In its corporate history, Digital Domain has been able to win five Visual Effects Oscars, among other things. The subsidiary D2 Software markets applications developed by the studio itself, including the compositing package Nuke.
Digital Domain provides no information on the amount of the purchase price.
