Commissar SFLUFAN Posted November 9, 2021 Share Posted November 9, 2021 Peter Jackson Selling Weta Digital’s VFX Tech Division to Unity for $1.625 Billion VARIETY.COM Unity, a 3D game-development platform, will acquire the tech division of Peter Jackson's Weta Digital VFX company for $1.625 billion. Quote Unity, a 3D game-development platform, is expanding its VFX footprint in a big way with the $1.625 billion acquisition of the technology division of Peter Jackson’s New Zealand-based Weta Digital. The deal promises to make the tools used to create Gollum for Jackson’s “The Lord of the Rings,” Caesar from “The Planet of the Apes” and characters and settings from a slew of other movies available to creators all over the world. At some point, Unity plans to make Weta Digital’s tools available to creators through a cloud-based workflow, with software-as-a-service pricing to be announced later. Under the deal, Unity is obtaining the Weta Digital suite of VFX tools and technology and its team of 275 engineers, who will join Unity’s Create Solutions division. Welcome Weta Digital! | Unity Blog BLOG.UNITY.COM Today, Unity announced that it has entered into a definitive agreement to acquire Weta Digital, specifically its artist tools, core pipeline, intellectual property, and award-winning engineering talent Quote Today, Unity announced that it has entered into a definitive agreement to acquire Weta Digital, specifically its artist tools, core pipeline, intellectual property, and award-winning engineering talent. The Academy Award-Winning VFX service teams of Weta Digital will continue as a standalone entity known as WetaFX and will become Unity’s largest customer in the Media and Entertainment space. By combining the industry leading VFX tools and technical talent from the incredible team at Weta, plus the deep development and real-time knowledge within Unity, we aim to deliver tools to unlock the full potential of the metaverse. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted November 9, 2021 Author Share Posted November 9, 2021 For reference, Unity Software Inc. has a market capitalization of $46 billion. Quote Link to comment Share on other sites More sharing options...
Stickey Posted November 10, 2021 Share Posted November 10, 2021 2 hours ago, Commissar SFLUFAN said: For reference, Unity Software Inc. has a market capitalization of $46 billion. Dat metaverse dollas Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted November 10, 2021 Share Posted November 10, 2021 So does that mean Peter Jackson can no longer use Weta for his movies? Does he even still make movies? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted November 10, 2021 Author Share Posted November 10, 2021 15 minutes ago, XxEvil AshxX said: So does that mean Peter Jackson can no longer use Weta for his movies? Does he even still make movies? Jackson still owns other parts of Weta, just not this particular one. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted November 10, 2021 Share Posted November 10, 2021 After reading their blog post it makes a lot more sense. Weta has built a bunch of high end tools for VFX work, and Unity now owns those tools. Quote Link to comment Share on other sites More sharing options...
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