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Peter Jackson is selling his visual effects firm for USD1.6 billion

Writer: Heidi Hsia

Weta Digital 'created' their world
Weta Digital 'created' their world

11 Nov - San Francisco-based video game software development company Unity recently announced that it is acquiring Weta Digital, the legendary visual effects company co-founded by filmmaker Peter Jackson.

The company announced the news on 10 November on its official website, saying that it has entered into a definitive agreement to acquire Weta Digital, specifically its artist tools, core pipeline, intellectual property, and award-winning engineering talent.


"The Academy Award-winning VFX service teams of Weta Digital will continue as a standalone entity known as WetaFX and will become Unity's largest customer in the Media and Entertainment space. By combining the industry leading VFX tools and technical talent from the incredible team at Weta, plus the deep development and real-time knowledge within Unity, we aim to deliver tools to unlock the full potential of the metaverse," the statement added.

Weta Digital is based in New Zealand, where Peter Jackson hails from
Weta Digital is based in New Zealand, where Peter Jackson hails from.

 Peter Jackson directed the 'Lord of the Rings' and 'The Hobbit' trilogies
Peter Jackson directed the "Lord of the Rings" and "The Hobbit" trilogies.

At the same time, it was revealed that Jackson will continue to own the majority of WetaFX, with the two companies to work together in future projects.

The said acquisition is said to cost USD1.6 billion.

Caesar of 'Planet of the Apes'
Caesar of "Planet of the Apes"

Lord of the Rings' Gollum cried 'My Precious', thanks to Weta
Lord of the Rings' Gollum cried 'My Precious', thanks to Weta.

Weta is known for creating some of the most well-known characters, from Avatar's Neyriti, Lord of the Rings' Gollum, as well as Planet of the Apes' Caesar.

Cinema Online, 11 November 2021


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