Metavers: Peter Jackson’s special effects studio bought back $ 1.6 billion

Posted on Nov 10, 2021, 3:58 PMUpdated Nov 10, 2021, 6:49 PM

From acquisitions to fundraising, the metaverse sector is structured. After the announcements by the giant Facebook, now “Meta”, of its desire to contribute to the advent of a virtual 3D world, called the “metaverse”, the entire ecosystem of this future digital industry is taking shape. unveils. On Wednesday 10 November, director Peter Jackson announced the sale of his special effects studio, Weta Digital, to Unity Software, an American company specializing in engines for developing video games. The goal of this acquisition, valued at $ 1.6 billion, is indeed “to develop the future of the metaverse”, according to Unity.

This Wall Street-listed group intends to use the technology of Weta Digital, one of the most renowned studios in the film industry, to shape this virtual universe accessible via the Internet. The multi-Oscar winner studio is notably behind the visual effects for the “Avatar”, “Lord of the Rings” and certain Marvel franchise films.

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