DDMG files for bankruptcy. LA, Vancouver, and SF have been sold and will continue operations:
After several weeks of high drama, troubled Digital Domain Media filed for Chapter 11 in the U.S. and Canada and agreed to sell its production business to Searchlight Partners Capital for $15 million.
Employees at Digital Domain’s Venice, Calif. HQ and its branches in Vancouver, Canada and the San Francisco Bay Area will retain current salary and benefits.
A blessing in disguise?
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