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DIGITAL DOMAIN ACQUIRED BY INVESTMENT GROUP

May 16, 2006
DIGITAL DOMAIN ACQUIRED BY INVESTMENT GROUP

The studio is know for its effects work on high-profile feature films, such as Titanic, The Day After Tomorrow and I, Robot, as well as for its commercial work, having contributed to spots that include Budweiser’s Superfan.

Carl Stork, a long-time senior Microsoft executive and principal of Wyndcrest Holdings, has been elected CEO and a member of the board of directors of Digital Domain, replacing Scott Ross who is stepping down as CEO and remaining a consultant to the company. C. Bradley Call will remain president and COO. Bay and Textor will co-chair the board of directors.

“At a time when every top grossing motion picture is relying on digital visual effects to help tell compelling and entertaining stories, we believe this translates into a bright future for companies in this field, and we believe Digital Domain represented a unique opportunity to invest,” says Stork, whose accomplishments at Microsoft included leading the development of Windows 95/98.

The Digital Domain umbrella also includes D2 Software, a subsidiary that was established to productize software tools developed by the studio. D2, which offers the Academy Award-winning Nuke compositing package, will continue to develop and sell such tools.

"The continued development of Nuke and expansion of solutions from D2 Software is a key part of the strategy for Digital Domain going forward," Stork notes. "We are fully committed to this part of the business and customers can look forward to new, innovative developments for our high-end compositing and effects software.”


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