Digital Domain Media Group, the company behind the infamous Tupac hologram which debuted at the Coachella Festival in April 2012 have filed for Chapter 11 bankruptcy protection after a series of costly projects put it in financial jeopardy.
Private investment company Searchlight Capital Partners will buy Digital Domain’s core production business for $15 million, pending approval from the courts of Delaware. Digital Domain Media Group was co-founded in 1993 by Avatar director James Cameron and several partners. Since then, Digital Domain has grown into one of the busiest visual effects shops in the business.
The company has created iconic effects for nearly 100 movies, including Titanic, Tron: Legacy, Transformers, Speed Racer, The Curious Case of Benjamin Button, Thor and Star Trek.
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