Download
The first project China's Galloping Horse will work on with Digital Domain, the leading Hollywood visual effects company it acquired two months ago, will be Ender's Game, a film based on the popular American science fiction.
Digital Domain will hold a 37.5 percent stake in the film, investing both technology and money.
About 60 percent of the film, focusing on conflicts between humankind and aliens in the Earth's future, features special visual effects, according to Ivy Zhong, vice-chairwoman of Galloping Horse.
Galloping Horse America and Mumbai-based Reliance Mediaworks acquired the company, which created visual wonder in Titanic and the Transformers series of films, for $30.2 million in September. Galloping Horse, based in Beijing, holds 70 percent and Reliance 30 percent of the financially strapped special-effects company.
Florida-based Digital Domain filed for bankruptcy protection from creditors under Chapter 11 of the federal bankruptcy code in September. The company was suffering from fierce competition in the increasingly global business, fewer film projects and rising expenditures.
Galloping Horse and Reliance acquired all of the businesses of Digital Domain, including feature film and advertising visual effects, commercial production, and studios in California and Vancouver.
The acquisition transforms Digital Domain from a service provider to content owner, which has been a "dream from the very beginning," says Digital Domain CEO Ed Ulbrich.
【Hollywood magic put to work in China】相关文章:
★ Coca-Cola opens biggest bottling plant in China
★ Blood-lead level testing resumed amid outcry
★ Mexican troops find 15 tons of meth
★ More travelers from mainland going overseas
★ 7 killed in ambush on Syrian military
★ Curiosity of a girl lands on Mars
★ Disney bringing famous character brands to store in China this year
★ Music world unites in tribute to Whitney
★ Capital flood death toll hits 37
★ Death camp exhibit opens in Shanghai
最新
2020-08-21
2020-08-20
2020-08-19
2020-08-06
2020-08-05
2020-08-05