Monday, September 10, 2012

'Titanic' filmmaker James Cameron's Digital Domain closes Port St. Lucie facility

'Titanic' filmmaker James Cameron's Digital Domain Media Group is closing its Port St. Lucie facility and laying off approximately 280 workers.

CEO John Textor resigned Thursday.

"I am in profound disagreement with the decision to close our animation and visual effects studio in the wonderful community of Port St. Lucie," Textor wrote in his resignation letter.

Digital Domain has spent the past few years building a new animation studio in Port St. Lucie, using millions of dollars in incentives from the city and the state.

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"Founded in 1993 by film industry icon James Cameron with Stan Winston and Scott Ross, digital production company Digital Domain (a subsidiary of Digital Domain Media Group) has delivered innovative visuals for more than 90 movies including 'Titanic,' 'Pirates of the Caribbean: At World’s End, the 'Transformers' trilogy and 'TRON: Legacy,' reads the company's website.

—Photo: In this film image released by Paramount Pictures, Leonardo DiCaprio and Kate Winslet, left, are shown in a scene from the 3-D version of James Cameron's romantic epic "Titanic."

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1 comment:

Anonymous said...

The title of this article is misleading... James Cameron, Stan Winston and Scott Ross sold Digital Domain to John Texture's Wyndcrest Holdings in 2006. Who only paid out the preferred stock leaving the common stock of many many employees worthless.