Comapny Sold To Michael Bay Animation Moveis Won Two Oscars
Comapny Sold To Michael Bay Animation Moveis Won Two Oscars
UPDATE: Digital Domain has been sold to Michael Bay. We get-go heard rumours from equipment suppliers on Monday. For those who follow Nuke and D2 Software, this is especially good news! Carl Stork, Digital Domain'southward new CEO, has a 20 year history as a engineering science innovator, and one of the things he'south looking forward to is continued expansion of Digital Domain's software offerings. Nosotros have Carl Stork's initial comment on D2, with more than to follow soon.
Fxguide got this quote direct, "The continued development of Nuke and expansion of solutions from D2 Software is a key part of the strategy for Digital Domain going forrad," said Carl Stork, CEO of Digital Domain. "We are fully committed to this function of the business and customers tin can look forrad to new, innovative developments for our high-end compositing and effects software."
The Hollywood Reporter broke the story this morning, here is the link to the article by Sheigh Crabtree
Here'southward the offical Press release:
Venice, Calif., May 16, 2006 – Digital Domain, the Academy Laurels®-winning full-service digital studio and production visitor responsible for jaw-dropping visual sequences in such films as Titanic, Day After Tomorrow and I, Robot equally well every bit commercials such as the recent Budweiser Super Bowl Superfan spot, has been acquired by Southward Florida-based Wyndcrest Holdings, LLC, a group led by director Michael Bay and investor John Textor.
Carl Stork, a long-time senior Microsoft executive and main of Wyndcrest Holdings, has been elected chief executive officer and a member of the Lath of Directors of Digital Domain, replacing Scott Ross who is stepping downwards every bit CEO and remaining a consultant to the visitor. C. Bradley Phone call will remain president and chief operating officer. Bay and Textor volition co-chair the Board of Directors.
"At a time when every height grossing motion moving-picture show is relying on digital visual effects to assistance tell compelling and entertaining stories, we believe this translates into a bright hereafter for companies in this field, and we believe Digital Domain represented a unique opportunity to invest," said Stork, whose accomplishments at Microsoft included leading the development of Windows® 95/98. "The artistic and talented team at Digital Domain has a bang-up reputation in both the feature film business and in the commercial advertising community for high-quality, award-winning work. Adding the expertise, business acumen and diverse relationships of the Wyndcrest principals volition allow Digital Domain to capitalize on the rapidly expanding opportunities in the entertainment business."
"On behalf of all involved with Digital Domain, I would like to give thanks Scott Ross for his remarkable contributions every bit a founder and leader of the company over the past thirteen years," Stork said. "We intend to draw on his advice and counsel over the coming years and we wish him well in his time to come endeavors."
"Having worked with Digital Domain in the past, I am well aware of the talent and creativity of the team here, and empathize start-hand why the visitor has a well-earned reputation for creative and loftier-quality work," said Bay. "Rapidly evolving digital visual furnishings applied science is going to allow movement picture directors to tell even more compelling and visually stunning stories in the future, and we believe that Digital Domain is uniquely positioned to take advantage of these new technologies, as well every bit new distribution channels and platforms."
"Digital Domain is well-positioned with exceptional people and leading technology at a time when reliance on visual effects is increasing in every sector of entertainment," said Textor, who has known Bay since their days at Wesleyan University and has been his business partner for viii years. "Nosotros look forrard to combining these attributes with a renewed delivery to build the commercial and motion-picture show industries leading director-axial visual effects business. Through the addition of new capital and the appropriate strategic relationships, we are also committed to the extension of the Digital Domain business into the straight development of animated films and furnishings-reliant live action films."
"While nosotros all believe we've achieved a great deal in the industry, we're incredibly enthusiastic about the future as we believe this new ownership group volition provide the necessary capital and strategic resources to allow us to abound our business profitably in both feature films and in advertising while retaining an environment that encourages our artists to strive for ever-greater heights of creative excellence," said Call, a decade-long Digital Domain executive who assumed the presidency of Digital Domain, besides as day-to-twenty-four hours responsibility for leading the company, in 2002.
"We know that our futurity depends on continuing to satisfy the creative needs of our clients in a mode, and on a budget, that other competitors cannot match", Call added.
Stork volition have over equally Digital Domain CEO effective immediately.
ABOUT DIGITAL DOMAIN
Founded in 1993, Digital Domain is an accolade-winning full-service digital studio and production company that creates special visual effects and other visual imagery for feature films, commercials and music videos. A pioneer in digital effects, Digital Domain'south business units take been recognized with awards from the height manufacture organizations. In its 13-year history, Digital Domain has won five Academy Awards®: 2 for Best Visual Effects (Titanic,What Dreams May Come up); and three for Scientific and Technical Achievement for its proprietary imaging software. The company has as well been nominated for three other University Awards® for Best Visual Effects (Apollo thirteen, True Lies, I, Robot). In addition, its excellence in digital imagery and blitheness has earned Digital Domain multiple British University (BAFTA) Awards, and Prix Arts Electronica and Prix Pixel INA awards.
Digital Domain'south Commercials segmentation provides digital imagery and animation for television commercials, working with the top commercial directors. Serving Fortune 100 companies, the division has built a reputation every bit an innovator and manufacture leader in television commercial production and is the largest and most-awarded creator of digital imagery in its field. To date, it has been awarded 34 Clio Awards, 22 AICP awards, 8 Cannes Lion Awards and numerous other advertising honors. The Commercials division has besides produced multiple music videos working with artists that include The Rolling Stones, Organized religion Loma, Creed, Janet Jackson, Busta Rhymes, Bjork, Celine Dion, Michael Jackson and Nine Inch Nails, and has earned Grammy® and MTV Music Video of the Twelvemonth Awards.
Digital Domain's D2 Software subsidiary was established to productize the software tools developed by Digital Domain, such as the company's University Award®-winning Nuke compositing packet.
Using high-end digital software technology, Digital Domain capitalizes on the studio'south extensive industry relationships and years of production experience to develop films of infrequent quality for an international audience. For more information, delight run across world wide web.digitaldomain.com.
Nearly WYNDCREST HOLDINGS
Wyndcrest Holdings, LLC, is a Florida-based individual investment and acquisition firm focused on technology-related opportunities in entertainment, telecommunications and the Cyberspace. Wyndcrest actively supports its portfolio companies to assure the optimal positioning and deployment of associated technologies as well as the efficient execution of related business organization plans.
Wyndcrest is comprised of five investment principals with significant fiscal and legal expertise in the closure of public/private mergers, acquisitions and investments, and in the operation of large, small and start-up companies. The principals, John Textor, Michael Bay, Jonathan Teaford, Carl Stork and Dan Marino, have direct extensive experience in the disciplines of management, technology development, strategic planning, business concern development and investment banking. For more information, delight see www.wyndcrest.com.
Biographies
Michael Bay
Director and Producer
Main – Wyndcrest Holdings, LLC
Co-Chairman of the Board, Digital Domain, Inc.
Michael Bay is one of the film industry'southward virtually successful action directors whose films, which include Bad Boys, The Rock, Armageddon, Pearl Harbor and Bad Boys Ii, have grossed more than $2 billion worldwide. Bay also founded the Platinum Dunes production visitor, and is a very successful producer nether that banner with such films as The Amityville Horror, The Texas Chainsaw Massacre and The Island. Mr. Bay is currently directing Transformers: The Moving-picture show, Paramount's summer tent-pole motility picture that will premier on the Fourth of July weekend in 2007. Next up for Platinum Dunes is the prequel to Texas Chainsaw Massacre,The Hitcher, as well as The Birds and four other films on Platinum Dunes upcoming slate.
Mr. Bay also recently helped found a commercial and music video production entity, The Institute for the Development of Enhanced Perceptual Awareness, which represents several directors.
A Los Angeles native, Mr. Bay graduated from the prestigious pic programme at Wesleyan University, then studied at Pasadena's Art Center College of Design. He began his career making music videos, earning praise for directing Donny Osmond'southward musical comeback video. Soon after, he was recruited by Propaganda Films, where he directed award-winning videos for such artists as Aerosmith, Tina Turner, Meat Loaf and the DiVinyls.
Segueing to commercials, Mr. Bay won a coveted Clio Award for his first television advertizement, for the American Red Cross. He went on to direct some of the most widely seen and best remembered commercials in history, including spots for Nike, Budweiser, Levi's, Bugle Boy, Coca-Cola, Isuzu, Miller, Mercedes and the latest provocative Victoria'due south Surreptitious campaigns. Mayhap his most honored ads and amid the most imitated are from the Got Milk? commercial campaign, which Bay created. He won a K Prix Clio for Commercial of the Year for the Got Milk?/Aaron Burr spot, which was dubbed one of the top ten commercials of all fourth dimension past U.s.a. Today and the History Channel. Mr. Bay besides garnered the Museum of Modern Art Award for All-time Entrada of the Yr. By the age of 26, Mr. Bay had won every major directing prize for commercials, including many Gold and Silver Lions at Cannes, and a Directors Guild of America Award for Outstanding Directorial Achievement for Commercials.
John Textor
Managing Principal – Wyndcrest Holdings, LLC
Co-Chairman of the Lath – Digital Domain, Inc.
John Textor has served as managing principal of Wyndcrest since founding the visitor in 1997. In connection with Wyndcrest, Mr. Textor oft holds positions of leadership within Wyndcrest portfolio companies. He currently serves equally co-chairman of the recently caused Digital Domain, Inc., a leading special effects and animation company based in Venice, California. Since 2002, he has served as chairman and CEO of BabyUniverse, Inc. (Nasdaq POSH), a leading female-focused east-commerce and new media company, based in Jupiter, Florida. Mr. Textor also served as chairman and CEO of Sims Snowboards, a top-tier worldwide snowboard make. Mr. Textor was a founding director of a Wyndcrest portfolio company, Lydian Trust Company / Virtual Banking company.com, a Palm Beach-based diversified financial services with virtually $2 billion in assets and $8 billion of avails-under-direction. Mr. Textor is currently a director of Multicast Media Networks, Inc., the leading provider of alive and pre-recorded Net telly broadcast networks.
Prior to Wyndcrest, Mr. Textor was jointly responsible for strategic planning and corporate finance for the Michael Swerdlow Companies, a $one billion merchant banking joint venture among Nelson Peltz, Peter May and Shearson Lehman Hutton. Previously, Mr. Textor was employed in the New York Investment Banking Group of Shearson Lehman Hutton. Mr. Textor earned a Bachelor of Arts degree in Economics at Wesleyan University in Middletown, Connecticut.
Carl Stork
Principal – Wyndcrest Holdings, LLC
Chief Executive Officeholder and Director – Digital Domain, Inc.
Carl Stork is a principal of Wyndcrest and has been involved with Wyndcrest portfolio companies since May 2000. In connection with his responsibilities at Wyndcrest, he serves every bit principal executive officeholder and a member of the Board of Directors of Digital Domain, Inc., a leading special effects and animation company based in Venice, California. Mr. Stork is as well president and founder of Ciconia & Co, LLC, a private investment firm based in Seattle, Washington.
Prior to founding Ciconia, Mr. Stork had a long and varied career at Microsoft Corporation from 1981 to 2002, serving in a variety of executive management positions, including technical banana to Nib Gates, general manager of Windows® 95/98 and general manager of Hardware Strategy and Business Development. Mr. Stork served on the Lath of Directors of Lydian Trust Company until March 2005, and currently serves on the Lath of Directors of Neomagic Corporation, a semiconductor developer of application processors and mobile Television solutions for hand held devices, and Baby Universe, a leading online retailer of brand name baby, toddler and maternity products. Mr. Stork is besides a partner in the Baseball game Guild of Seattle, possessor of the Seattle Mariners major league baseball team.
Mr. Stork earned a chief's degree in Business Administration from the Academy of Washington following a bachelor's degree in Physics from Harvard University.
C. Bradley Call
President and Main Operating Officer – Digital Domain, Inc.
Brad Call is president and main operating officer of Digital Domain with twenty-four hour period-to-day responsibilities for all company activities, including Feature Film Visual Effects, Commercials, Digital Studio, and the company's business evolution and legal affairs activities. He joined the organisation in 1996 and was promoted to his present position in 2002.
During Mr. Telephone call's tenure, the firm has garnered five Academy Awards® — two for Best Visual Effects (Titanic, What Dreams May Come up), and 3 for Scientific and Technical Accomplishment for its proprietary imaging software — two British Academy (BAFTA) awards, and an armload of Clio, AICP and Cannes King of beasts Awards for such clients as Budweiser and Nike. Mr. Call also oversees the germination of all strategic partnering initiatives within Digital Domain, and was instrumental in establishing the foundation for Digital Domain's move into characteristic movie evolution and production.
Before joining Digital Domain, Mr. Call was an chaser with Melveny & Myers, where he represented Digital Domain in connectedness with the negotiation of a strategic investment by Cox Enterprises. Mr. Telephone call holds a bachelors caste in Electrical Engineering and a masters degree in Computer Science from Stanford University. He also earned his Juris Doctorate caste from Stanford Academy Law Schoolhouse.
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Comapny Sold To Michael Bay Animation Moveis Won Two Oscars
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