Lord of the Rings' Peter Jackson to Sell His Visual Effects Studio Weta Digital for $1.6 Billion
Photo: Gregg DeGuire/WireImage Lord of the RingsOscar-winning directorPeter Jacksonis selling the majority of his visual effects studio for $1.6 billion in a cash and stock deal. CNNreports that Jackson, 60, is selling most of his studio Weta Digital to software developer Unity, the company behind video games likePokémon GoandCall Of Duty: Mobile. In the sale, Unity will acquire Weta Digital’s “tools, pipeline, technology, and engineering talent,” Unity said instatementWednesday, adding that the acquisition “is designed to put Weta’s incredibly exclusive and sophisticated visual effects (VFX) tools into the hands of millions of creators and artists around the world....