Weta Digital, the Peter Jackson effects specialist known for its work on The Lord of the Rings, Avatar, Game of Thrones and many other major film and TV properties, has been sold in a $1.625 billion deal.The acquiring company is Unity, an interactive 3D firm.
The acquisition encompasses Weta’s “tools, pipeline, technology, and engineering talent,” an announcement Tuesday said.Jackson will remain majority owner of WetaFX, as the new stand-alone entity will be known.
Prem Akkaraju will be CEO.After the acquisition, Unity plans to make Weta’s tools available to millions of creators and artists around the world via a cloud-based platform.
Read more on deadline.com
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