Digital Domain Acquired By Investment Group Led by Michael Bay
Digital Domain is well-positioned with exceptional people and leading technology at a time when reliance on visual effects is increasing in every sector of entertainment, said Textor, who has known Bay since their days at Wesleyan University and has been his business partner for eight years. We look forward to combining these attributes with a renewed commitment to build the commercial and film industries leading director-centric visual effects business. Through the addition of new capital and the appropriate strategic relationships, we are also committed to the extension of the Digital Domain business into the direct development of animated films and effects-reliant live-action films.
While we all believe weve accomplished a great deal in the industry, were incredibly enthusiastic about the future as we believe this new ownership group will provide the necessary capital and strategic resources to allow us to grow our business profitably in both feature films and in advertising while retaining an environment that encourages our artists to strive for ever-greater heights of creative excellence, said Call, a decade-long Digital Domain executive who assumed the presidency of Digital Domain, as well as day-to-day responsibility for leading the company, in 2002. We know that our future depends on continuing to satisfy the creative needs of our clients in a manner, and on a budget, that other competitors cannot match, Call added.
Founded in 1993, Digital Domain (www.digitaldomain.com) is an award-winning full-service digital studio and production company that creates special visual effects and other visual imagery for feature films, commercials and music videos. A pioneer in digital effects, Digital Domains business units have been recognized with awards from the top industry organizations. In its 13-year history, Digital Domain has won five Academy Awards: two for Best Visual Effects (TITANIC, WHAT DREAMS MAY COME); and three for Scientific and Technical Achievement for its proprietary imaging software. The company has also been nominated for three other Academy Awards for Best Visual Effects (APOLLO 13, TRUE LIES, I, ROBOT). In addition, its excellence in digital imagery and animation has earned Digital Domain multiple British Academy (BAFTA) Awards, and Prix Arts Electronica and Prix Pixel INA awards.
Digital Domains Commercials division provides digital imagery and animation for television commercials, working with the top commercial directors. Serving Fortune 100 companies, the division has built a reputation as an innovator and industry leader in television commercial production and is the largest and most-awarded creator of digital imagery in its field. To date, it has been awarded 34 Clio Awards, 22 AICP awards, 8 Cannes Lion Awards and numerous other advertising honors. The Commercials division has also produced multiple music videos working with artists that include The Rolling Stones, Faith Hill, Creed, Janet Jackson, Busta Rhymes, Bjork, Celine Dion, Michael Jackson and Nine Inch Nails, and has earned Grammy and MTV Music Video of the Year Awards.
Digital Domains D2 Software subsidiary was established to productize the software tools developed by Digital Domain, such as the companys Academy Award-winning Nuke compositing package.
Wyndcrest Holdings Llc. (www.wyndcrest.com) is a Florida-based private investment and acquisition firm focused on technology-related opportunities in entertainment, telecommunications and the Internet. Wyndcrest actively supports its portfolio companies to assure the optimal positioning and deployment of associated technologies as well as the efficient execution of related business plans.
Wyndcrest is comprised of five investment principals with significant financial and legal expertise in the closure of public/private mergers, acquisitions and investments, and in the operation of large, small and start-up companies. The principals, John Textor, Michael Bay, Jonathan Teaford, Carl Stork and Dan Marino, have direct extensive experience in the disciplines of management, technology development, strategic planning, business development and investment banking.