Sad news in the world of special effects today as The Los Angeles Times is reporting that Digital Domain Media Group, the company responsible for the Tupac Hologram that made headlines following its Coachella debut, has filed for Chapter 11 bankruptcy protection.
While the Tupac hologram, which was really the product of Illuminati magic and thus not a real hologram, was the most recent effort of note from Digital Domain, their special effects work can be seen in a number of major motion pictures and television projects. The company, founded by deep sea explorer and occasional director James Cameron, has provided effects for “The Curious Case of Benjamin Button,” “Speed Racer,” and “Titanic,” amongst other projects.
It’s unclear exactly what prompted the Chapter 11 filing. Billboard points to under performing stock shares and a series of recent loan defaults as being key factors. It is unknown, however, what kinds of hologram-based liabilities the company possessed. Hologram food is expensive and it’s hard to find a good hologram school district these days.
It was also announced that the core business unit of the company, the California-based Digital Domain Productions, Inc. was sold off to an investment firm for $15 million along with news of the bankruptcy declaration. Earlier in the week the company was forced to shutter their St. Lucie, FL studio, leading to the lay offs of around 280 employees.
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