Hong Kong-Based Sun Innovation New Owners Of Digital Domain

Big changes at Digital Domain after Hong Kong-based holding company Sun Innovation paid $50.5M for the parent of Galloping Horse, a film and TV firm that owned 70% of the VFX house. Ed Ulbrich, who has been at Digital Domain since director James Cameron helped to found it in 1993, has stepped down as CEO to become a creative consultant. He will continue working as a producer on Lionsgate’s Ender’s Game. Replacing him in the top job is Sun’s Daniel Seah who has managed projects in entertainment, media, energy, and environmental protection and technology, the compnay says. The changes follow Sun’s acquisition of Galloping Horse US, the Beijing company that partnered with Reliance MediaWorks to purchase Digital Domain out of bankruptcy in 2012. Reliance will continue to own a minority stake in the company, now dubbed “Digital Domain 3.0.” It has shaped effects for Titanic, Pirates of the Caribbean: At World’s End, the Transformers trilogy and TRON: Legacy.
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