So any infusion of capital will give the struggling DD a little more room to bring those initiatives to fruition. It has already taken advantage of well over $100 million in tax benefits to build a base of operations in Florida, where it’s investing in a new animated feature studio and the Digital Domain Institute, an for-profit educational partnership with Florida State University that is slated to offer a four-year BFA starting next spring. DD is also a co-producer of the Gavin Hood-directed science fiction film Ender’s Game, based on the classic novel by Orson Scott Card.
Not everyone is impressed by what DD is up to in Florida. Local newspapers have covered the contentious story behind Digital Domain’s expansion into Florida under the guidance of owner John Textor, including local criticism of the state’s investment in a business model some see as risky. Industry blogger VFX Soldier has a good round-up of information about and reaction to DD’s new business model and IPO.
For more information: ddmg.co.
Did you enjoy this article? Sign up to receive the StudioDaily Fix eletter containing the latest stories, including news, videos, interviews, reviews and more.