"Digital Domain is a legend in the industry, known for its world-class quality of work and creative talent," said Ivy Zhong, vice chairman and managing director of Beijing Galloping Horse Film Company. The two firms outbid the amount of $15 million proposed by Searchlight Capital Partners.
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The sale is subject to the execution of an asset-purchase agreement and an approval by the bankruptcy court in New York, the hearing for which is scheduled Monday. The two companies will acquire all assets constituting the businesses of Digital Domain in feature films, advertising, visual effects, commercial production, studios in the US and Canada and a co-production stake in the feature film "Ender's Game".įounded in 1993 by director Cameron, Stan Winston and Scott Ross, Digital Domain has provided the innovative visuals for over 90 movies, including "Titanic", "Pirates of the Caribbean: At World's End", "Transformers" trilogy and "Tron: Legacy". Reliance MediaWorks will hold a 30 percent stake and Galloping Horse the rest. It recently added cinema construction, new media, animated content and talent management to its portfolio.
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The bid was submitted with Galloping Horse, a leading firm in China engaged in film and TV financing, production, distribution, advertising and publishing.
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![cr titanic video game cr titanic video game](https://i.ebayimg.com/images/g/wxYAAOSwUlxfZyh~/s-l400.jpg)
Mumbai, Sep 24 (IANS): Reliance MediaWorks has submitted a winning bid of $30.2 million to part-own some of the businesses of James Cameron's Digital Domain Productions, which has to its credit visual effects for films like "Titanic", it was announced Monday.