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Visual Effects Oscar Heavyweight DNEG Gets $250M Injection From UK Investment Firm Novator

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deadline.com
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DNEG, a visual effects specialist whose work has won five of the past seven Oscars in the category, has gotten a $250 million investment from UK-based firm Novator Capital Advisors.The influx of capital will enable DNEG to streamline its operations, consolidate minority investments and aim for future growth, the company said.

In addition to effects on a number of major films like the upcoming Dune and Matrix 4, the company also does animation and series for the booming streaming sector.

It has also started to explore video games and production.Prime Focus Limited is DNEG’s parent company and majority shareholder.

Read more on deadline.com
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