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
