Digital Domain Holdings Reports $64 Million in Losses

Digital Domain Holdings, the Hong Kong-based visual effects and virtual reality group, saw losses in 2016 more than double to $64.3 million.

The core Digital Domain 3.0 business provided VFX for films including “Beauty and the Beast,” “Deadpool” and “X-Men: Apocalypse” during the year.

Revenues across the group increased 45% from $68 million (HK$527 million) in 2015 to $98.5 million (HK$763 million) last year. Net losses, which totaled $23.1 million (HK$179 million) in 2015, reached $64.3 million (HK$498 million) in 2016.

The company pointed to content development and research and development costs for virtual reality content and games, 360° and virtual humans, and a more than fourfold increase in amortization of intangible assets, as causes of the financial pain.

No Hollywood Ending for the Visual-Effects Industry

3D TV is officially dead

1- Not enough content. DirecTV and ESPN stopped broadcasting their 3D channels in 2012 and 2013.

2- The glasses needed for 3D were clunky and annoying, and they made people feel self-conscious while wearing them.

3- 3D TVs were and are perfectly good 2D TVs, so 3D features weren’t often used.

4- 3D movies were closely associated with Blu-ray Discs as movie streaming started to gain traction.

5- 3D TVs need careful calibration and can cause eye strain.

6- Maybe it was always a gimmick. Ask yourself: Have 3D effects ever really impressed you or affected your viewing experience?

Bike courier wins contractor economy employment rights case

Chaos Group V-Ray Wins Academy Award


Photorealistic production renderer used on more than 150 feature films since 2002, including recent hits like ‘Doctor Strange,’ ‘Deadpool,’ and ‘Captain America: Civil War,’ to be honored for advancing the use of fully ray-traced rendering in motion pictures.

Autodesk announces new products to replace 123D

We’re incredibly proud of these products, and even more proud of what you all have MADE with them. But we recognize that the portfolio has become complex. We are making some changes to simplify our Autodesk portfolio and workflows for people everywhere who love to make things. We are consolidating these tools and features into key apps such as Tinkercad, Fusion 360, and ReMake.

Today, we are sharing the news that in early 2017, after we complete this consolidation, we’ll be shutting down

Peta Jackson VFX Company is Bout Immersive Filmmaking


Why CG Sucks (Except It Does not)

weta – Why Putting In 110 Per Cent Pays Off

Lucasfilm is opening a ‘secret’ lab with Magic Leap

Commercial Postproduction in China – Part Three: Talent Crisis‏


Hollywood Execs Talk Gender Pay Gap, Dealing With Box Office Flops

How is Saudi Arabia dealing with the oil crash

Sony Joins Blue Sky in Settlement of Hollywood Studio Antitrust Lawsuit

Sony has become the second Hollywood studio to reach a settlement in a class-action lawsuit alleging that it and other studios violated antitrust laws by conspiring to suppress the wages of animation and VFX artists via non-poaching agreements…

…in 2011, a class-action lawsuit was brought against Pixar, Lucasfilm, Apple, Google, Adobe and Intuit. The first two companies settled claims for $9 million while the other companies have gone to an appeals court after Koh rejected a $325 million settlement as insufficient.

Comcast Buys DreamWorks Animation in $3.8 Billion Deal


Autodesk announces the purchase of Arnold developer Solid Angle


James Cameron against Peter Jackson backed Screening Room movie service

Blue Sky Reaches Settlement in Hollywood Studio Antitrust Lawsuit

Blue Sky Studios has reached a settlement in a class-action lawsuit, Variety reports, alleging that the animation studio behind last year’s The Peanuts Movie and the Ice Age franchise and other companies violated antitrust laws by conspiring to suppress the wages of animation and VFX artists via non-poaching agreements.

The suit contends that the roots of the anti-poaching agreements go back to the mid-1980s, when George Lucas and Ed Catmull, the president of Steve Jobs’ then-newly formed company Pixar, agreed to not raid each other’s employees. Other companies later joined conspiracy, the suit alleges, including Sony ImageMovers, Lucasfilm and Walt Disney.

The plaintiffs have been seeking class certification. Their proposed settlement class includes certain animation and visual effects employees who worked at Pixar from 2001 to 2010; Lucasfilm from 2001 to 2010; DreamWorks Animation from 2003 to 2010; the Walt Disney Co. from 2004 to 2010; Sony Pictures Animation and Sony Pictures Imageworks from 2004 to 2010; Blue Sky from 2005 to 2010; and ImageMovers from 2007 to 2010.

The man who made the worst video game in history – Howard Scott Warshaw on ET


Every Best Visual Effects Winner to 2015

Analyzing Pixar First Box-Office Disaster – The good dinosaur


Unionisation drive at MPC


steven spielberg predicts implosion of film industry

Cinesite and Image Engine Join Forces


Autodesk buys Tweak Software makers of RV


Japan’s Animation Industry Isn’t Just Tough, It’s “Illegally Harsh” Says American Artist


RIP Leonard Nimoy


Best piece of advice I ever got was from John F Kennedy when I was driving a taxi in and out of the Hotel Bel-Air. He was a senator then. I was just out of the army and I needed to make some money, so I got to talking about the difficulty of making a living as an actor. And he said, “Just keep in mind, there’s always room for one more good one.”

Former Rhythm & Hues Owners Sued for Having Pillaged Oscar-Winning VFX House


DreamWorks Will Shut Down PDI/DreamWorks Studio


Disney, DreamWorks and Sony Hit with New, Consolidated anti-poaching and wage-fixing Lawsuit

Sony Hack Reveals VFX Industry Wages



Hollywood Salaries Revealed, From Movie Stars to Agents


Are the best directors tyrants?

Silhouette of man yelling trough a megaphone in sunset

“When a film has got problems”, he says, “they’re usually little problems, but they build and build incrementally, and by the time you’re finished, there’s not much you can do about it. But if you’re like Fincher and you iron out these problems as you go along, it can save you. If you’ve got the money and the strength to do 50 takes, then do them.”

Japan – SoftBank in Talks to Acquire DreamWorks Animation


Scott Ross – VFX Has Gotten Worse


Studios Hit with New Class-Action Lawsuit


Meritocracy and the Peter Principle


The Peter Principle is a special case of a ubiquitous observation: Anything that works will be used in progressively more challenging applications until it fails.

Applied to humans, the selection of a candidate for a position is based on their performance in their current role rather than on their abilities relevant to the intended role.

Visual Effects Giants Prime Focus World, Double Negative to Merge


Autodesk buys Shotgun Software