Digital Domain Media Group Media Alert
August 31 2012 - 3:05PM
Business Wire
Digital Domain Media Group (NYSE:DDMG), a leading digital
production company focused on visual effects, original content
animation and major studio co- productions, reaffirmed its usual
practice not to comment on unusual market activity. However, the
company believes it necessary to inform its investors that the
400,000-share trade posted at 11:16:42 EDT yesterday was in fact an
erroneous trade and was subsequently removed from the tape at
13:28:16. The 391,500-share trade posted at 11:59:56 was an
accurate trade.
In view of the unusual activity in the company’s stock, the New
York Stock Exchange has contacted the company in accordance with
its usual practice.
About Digital Domain Media Group
Digital Domain Media Group (DDMG: NYSE) leverages its expertise
in digital visual effects (VFX) and computer-generated (CG)
animation across a group of interrelated businesses. At its
foundation is Digital Domain Productions (DDPI), an award-winning
digital production company founded in 1993. This leading provider
of visuals has contributed to more than 90 major motion pictures,
including Titanic, the Transformers series, Pirates of the
Caribbean: At World’s End and TRON: Legacy, hundreds of
commercials, and recently created the virtual likeness of rapper
Tupac Shakur for Dr. Dre’s show at the Coachella Valley Music
Festival. Mothership, a DDPI subsidiary, focuses on creating
advertising, entertainment and branded content from concept to
completion, across multiple media platforms. DDMG, its work and its
employees have been recognized with numerous awards, including
seven from the Academy of Motion Picture Arts and Sciences. The
company is building on its success in VFX to participate as a
co-producer in major productions and is currently co-producing the
upcoming live-action sci-fi feature film Ender’s Game, as well as
virtual likenesses for Elvis Presley that will be jointly owned by
CORE Media Group and DDMG. DDMG also converts two-dimensional (2D)
imagery to three-dimensional (3D) imagery and holds key patents in
this area. The company is also applying its CG expertise to produce
original, family-friendly animated feature films at its subsidiary
Tradition Studios. The first movie, The Legend of Tembo, is in
pre-production and two more features are in development. The
company’s education subsidiary, the Digital Domain Institute, sets
a new standard in digital media education through a pioneering
public-private partnership with The Florida State University
College of Motion Picture Arts. DDMG is expanding its worldwide
footprint of the highest quality visual effects and animation at
the lowest possible cost through global partnerships in India and
China. The company has studios in Los Angeles, San Francisco,
Florida and Vancouver and is currently establishing studios in
Beijing and Abu Dhabi. http://www.ddmg.co
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