Press Release from Digital Domain

Venice, CA—October 6, 2009 — Academy Award®-winning digital studio Digital Domain is expanding its business with plans to open a new visual effects outpost in Vancouver, British Columbia. The company also announced that it has named veteran production executive Gloria Borders to the position of President, Feature Film Operations, overseeing visual effects production across its Venice, California and Vancouver studios.

Digital Domain’s expansion is funded by a new infusion of capital from its parent company, Wyndcrest Holdings.

Digital Domain CEO Cliff Plumer said, “The current economic climate has created a new set of challenges for all companies in the entertainment industry. By expanding our talent and resources across multiple locations we are able to offer solutions to production challenges – whether they’re economic, creative, or technical.”

Digital Domain’s main studio, headquartered in Venice, California will continue to be the base of the company’s feature film visual effects and advertising production operations.

Vancouver – Visual Effects Outpost
Digital Domain is building out a 20,000-square-foot visual effects studio in Vancouver and is in the process of recruiting and hiring 50-60 digital artists immediately, primarily from Canada, for an early 2010 opening, with the intention to expand the employee base to 100+ by the end of the year. The new Vancouver studio will mirror technology and processes at Digital Domain’s Venice, California studio headquarters, enabling the company to seamlessly extend feature film visual effects work across identical production pipelines. This will enable Digital Domain to take on multiple high-end feature film projects while reducing costs and delivering the cutting-edge work that is the company’s hallmark.

By basing its visual effects outpost in Vancouver, Digital Domain is able to take advantage of local production and R&D incentives, and also benefits from the region’s thriving artist talent pool, educational programs, and well-established production industry. The first project Digital Domain will bring to its new studio will be to take on additional visual effects work for Disney’s highly-anticipated Tron: Legacy, which is already in production at Digital Domain’s California studio.

Kevin Krueger, B.C. Minister of Tourism, Culture and the Arts said, “Having one of the world’s top digital studios develop a base in Vancouver adds immeasurably to the strength of our overall production community. This new studio brings not only new infrastructure, but also knowledge-based jobs and opportunities in the fast-growth visual effects, animation and games arena. Companies of Digital Domain’s caliber choosing to locate here both testify to our capabilities as a world-class production center and help us further that mission.”

Gloria Borders Named President of Feature Film Operations
Digital Domain also announced that it has named veteran feature film production executive Gloria Borders President of Feature Film Operations. Reporting to Plumer, Borders will run the daily operations of visual effects productions across the Venice and Vancouver studios. “I can’t imagine a more ideal leader, or a more perfect combination of studio and client-side expertise than Gloria,” said Plumer. “She has managed large artist staffs, run several successful studios and overseen hundreds of productions. Gloria’s twenty-plus years of experience are a huge advantage and her presence strengthens both our strategy and our execution."