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Peter Jackson Selling Weta Digital’s VFX Tech Division to Unity for $1.625 Billion

https://www.fxguide.com/fxfeatured/unity-weta-deal/

 

variety.com/2021/digital/news/unity-acquires-weta-digital-1235107544/

Under the deal, Unity is obtaining the Weta Digital suite of VFX tools and technology and its team of 275 engineers, who will join Unity’s Create Solutions division.

Joe Marks, Weta’s chief technology officer, will join Unity as CTO of Weta Digital.

Weta Digital’s VFX and animation teams will continue to exist as a standalone entity, known as WetaFX, which is expected to become Unity’s largest customer in the media and entertainment space. WetaFX, with about 1,700 employees, will remain majority-owned by Jackson and led by CEO Prem Akkaraju. The proposed deal is expected to close before the end of 2021, subject to regulatory approvals.

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