https://safirsoft.com Unity buys Weta Digital Visual Effects Toolkit for $1.65 billion

The big deal continues to slowly integrate film and game development tools. New Zealand-based Weta Digital Visual Effects Studio with $1.625 billion in cash and stock.

This purchase means that Weta's suite of visual effects tools, popular in films such as The Lord of the Rings, Avatar, and The Amazing Woman, will eventually be integrated into a cloud-based workflow and made available to millions of users. The move was announced in a press release. Unity will also hire 275 engineers to build Weta's technology and "a library of thousands of amazing assets."

ReadingUnity More in 10: For better or worse, game development has never been easier. The team's Weta Visual Effects will remain as a separate entity called WetaFX, which will continue to be majority owned by Jackson. Unity expects this entity to be the unit's "largest customer in the media and entertainment industry." Weta Workshop, which focuses on practical effects and accessories, will also remain separate, and publicly accessible, there. But Weta's goal of inspiring other developers ultimately won out. "We're Jimi Hendrix and we're selling guitars now. We think the world has a lot of Jimi Hendrix," he said. Powerful game-maker tools Hollywood turned to Unity and the competitive Unreal Epic engine for pre-shoot and real-time motion capture for heavy production. Weta's shopping spree began nearly a year after Unity Technologies raised more than $1.3 billion in its initial public offering months after buying the company. to Parsk for $320 million. The Unity game engine is free to users with an annual budget and revenue under $100,000, or available as a $150 royalty-free annual subscription for larger companies.

Unity buys Weta Digital Visual Effects Toolkit for $1.65 billion
unity-buys-weta-digital-visual-effects-toolkit-for-1-65.html

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