Digital Domain goes bankrupt

http://www.variety.com/article/VR1118059067

http://digitaldomain.com/
http://en.wikipedia.org/wiki/Digital_Domain

 

i didnt writte that they will close down in the next week.and dont forget that they are now Digital Domain Media.

 

one man. John Textor. he is a bastard.

rumors are that in the last 2 years Digital Domain didnt make profits with movies but only with commercials. they say that to get jobs with movies they had to underbid smaller vfx houses who work in cheaper countries.

 

http://www.variety.com/article/VR1118059106

DDMG's bottom line was also wrecked by a disastrous year from its visual effects business.
Almost all of DD's visual effects capacity was devoted to two movies. One was "Ender's Game," for which Digital Domain is doing the effects at cost in exchange for an equity stake in the picture. This is a proven method for vfx studios to improve their return on a movie, as long as the vfx company isn't counting on cash flow from the job to stay afloat.
Digital Domain's other big project was "Jack the Giant Killer," a project so catastrophic DD employees came to call it "Jack the Company Killer."
According to several insiders, DD underestimated the complexity of the vfx on "Jack," underbid for the work, tried new software and techniques that didn't entirely succeed, and found itself having to re-do scenes. The re-dos were unremarkable for a studio movie but they obliterated DD's already-low margins.
CEO Ed Ulbrich told Variety "Jack" was "a contributing factor" in the bankruptcy "but by no means is that the only reason."