Academy Award-winning visual effects company Digital Domain 3.0 announced that it has become a part of Hong Kong-based Sun Innovation. This development follows Sun Innovation’s acquisition of the parent company of Galloping Horse U.S., which owned a 70 percent share of Digital Domain 3.0’s business, for approximately $50.5 million. Reliance MediaWorks continues to own a 30 percent stake in the company.
Founded in 1992, Sun Innovation is a Hong Kong-based company that recently formed a strategic partnership with Beijing Galloping Horse, a leading film and television company in China. With its acquisition of Digital Domain 3.0, Sun Innovation intends to expand its reach, playing a significant role in the growing international feature film markets and developing new digital media experiences for consumers in entertainment, advertising, cultural and media environments worldwide.
“We believe absolutely that Digital Domain 3.0 can bring the expertise it has developed over the past two decades to audiences worldwide who are hungry for big visual effects movies and new digital experiences to go along with them,” said Jian Zhou, chairman of Sun Innovation. “Digital Domain 3.0 has the leadership, talent, infrastructure and resources to bring teams together and manage complex digital productions around the world. The company is an ideal fit for Sun Innovation as we launch into this space.”
Founded in 1993, Digital Domain has delivered innovative visuals for more than 100 movies, including Iron Man 3, the Transformers trilogy, TRON: Legacy and Titanic. Its artists have earned multiple Academy Awards. The company has also worked on thousands of commercial, video game and music video productions.