Economy Trends
Weta FX Opens Vancouver Office Amid Global Expansion
An initial 75 artists will fill the Vancouver facility as Weta FX expands beyond New Zealand for the first time after a $1.6 billion technology deal with Unity.
Original link
Peter Jackson Sells Weta Tech Assets to Unity for $1.62B
Weta created the Oscar-winning VFX on 'The Lord of the Rings' and 'Avatar.'
Original link
Unity to Acquire Weta Digital's Tools and Technology
Deal calls for purchase of leading VFX studio’s proprietary software systems, pipeline, and engineering talent; Oscar-winning VFX team will become WetaFX, remaining under Peter Jackson’s majority ownership and helmed by CEO Prem Akkaraju.
Original link
Global Games Market to Generate $175.8 Billion in 2021; Despite a Slight Decline, the Market Is on Track to Surpass $200 Billion in 2023 | Newzoo
The games market will see a small decline in 2021, but growth is coming! And there's no cause for concern. Read the full article to learn more
Original link
Sony, Lego Bet on the Metaverse? $1 billion each to invest in Fortnite developer Epic Games
"Entertainmentexperiencesareontheriseinthemidstofdigitalandsocialtrends,andtheMetaverseisanareawherewehavetothinkcarefullyabouthowweleverageourcreativityandtechnology." Lastyear,withFacebook'srebrandi...
Original link
Announcing a New Funding Round of $1 Billion to Support Epic’s Long-Term Vision for the Metaverse
Epic Games announces a new round of $1 billion in funding to help develop the long-term vision for the Metaverse. Sony Group Corporation and a host of investment partners are supporting Epic’s growth.
Original link
How Epic Games is Disrupting the Video Gaming Industry
Original link