Digital Domain raises fresh investment from Qualcomm chairman
Deal follows Hong Kong-listed visual effects studio operator’s initiative to build Asia’s largest motion capture facility in China
Digital Domain Holdings, which operates the world’s largest independent visual-effects company, has raised new investment from Qualcomm executive chairman Paul Jacobs amid an ambitious effort to build its first production facility in mainland China.
That announcement followed Digital Domain’s signing of a memorandum of understanding with Chinese conglomerate Dalian Wanda Group, the world’s biggest private property developer and cinema chain operator.
Under the agreement, Digital Domain will establish its first so-called motion capture stage in Wanda Studios Qingdao, a filmmaking complex being developed by the Wanda Group and the Qingdao municipal government at an estimated cost of US$8.2 billion.
“With Wanda Studios Qingdao, the world’s largest film and television industrial park, we’re bringing not only our top-notch Hollywood technologies, but also establishing the largest motion capture stage in Asia,” Seah said in a statement.
“Our high-end technology will be able to cater to the production needs of different movie genres.”