The Freeland File
Aerospace & Defense
Global Market Data
Lucy P. Marcus
David Cay Johnston
The Great Debate
Jack & Suzy Welch
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Wall Street ends at multi-year highs on Fed
NEW YORK - U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months. | Video
» More Business News
When politics are good, and bad, for small business
Is it good business to let your customers know your politics?
» More Small Business News
China denounces EU airline carbon law, seeks talks
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
» More Green Business News
Fund & ETF Screener
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Villagers lynch thieves
A Guatemalan community ties up and beats four men who were accused of theft in the aftermath of a school killing. Slideshow
Will & Kate's Asia tour
The royal couple are on a nine-day tour of Southeast Asia and the South Pacific. Slideshow
Exclusive: "Avatar" effects house weighs Digital Domain bid
Digital Domain gets interim approval for fast Chapter 11 sale
Wed, Sep 12 2012
"Avatar" special effects shop weighs Digital Domain bid
Tue, Sep 11 2012
"Titanic" effects creator Digital Domain bankrupt, sale agreed
Tue, Sep 11 2012
CORRECTED-UPDATE 2-"Titanic" effects creator Digital Domain files for bankruptcy
Tue, Sep 11 2012
Global Deals Review: 2011 Q3 »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Inflows Outflows »
Film director and Lightstorm Entertainment Chairman James Cameron delivers a keynote address titled ''Renaissance now in imagination and technology'' in front of an image of his recent movie ''Avatar'' during the Seoul Digital Forum 2010 May 13, 2010.
Credit: Reuters/Jo Yong-Hak
By Ronald Grover
Fri Sep 14, 2012 1:32pm EDT
(Reuters) - Prime Focus World, which created some of the visual effects for "Avatar," "Harry Potter" and other Hollywood blockbusters, is contemplating a bid for Digital Domain Media Group, which filed for bankruptcy protection on September 11, according to a person with knowledge of its interest.
Digital Domain, which was started in 1993 by superstar director James Cameron and the late special effects guru Stan Winston, said in a statement it agreed to sell most of its assets to private equity firm Searchlight Capital Partners "subject to the receipt of higher and better offers and court approval."
Prime Focus was started by Bollywood veteran Namit Malhotra in the late 1990s, the company says on its website, and claims its Mumbai facility is one of the one of the busiest special effects and 3D conversion facilities in Asia. It also has offices in Los Angeles and London.
A spokeswoman for Prime Focus was not available for comment. Digital Domain did not make an executive available.
Among Prime Focus' projects, the special effects house created the "holotable" in Avatar at which star Sam Worthington brings up three-dimensional holograms, and converted George Lucas' "Star Wars: Episode One - The Phantom Menace" from 2D to 3D, it says on its site.
The company delivered more than 650 special effect shots for "Dredd," a science fiction action film being released by Lions Gate on September 21, and did the conversion to 3D for "Frankenweenie," Tim Burton's gothic animated film that Walt Disney Co will release on October 5.
Prime Focus built its company through acquisitions in the past, and in 2007 purchased Post Logic Studios to expand to Los Angeles. In May, it named Massoud Entekhabi, a founder of venture firm Zenith Equity Partners, as its chief financial officer.
( This story corrected first paragraph to clarify that Prime Focus World created only some of the visual effects in the movie "Avatar.")
(Reporting by Ronald Grover; Editing by Richard Chang)
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Related Quotes and News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Be the first to comment on reuters.com.
Add yours using the box above.
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.