4/11/2023 0 Comments Tembo 2.0.3 download freeHowever, they may see an opportunity with current conditions. I guess a $30 million dollar write down on Digital Domain would be considered an improvement. Last quarter they lost $40 million dollars. Also Reliance Mediaworks, while owned by an Indian billionaire, has already been losing a huge amount of money. Much of the talent will simply quit and move on during the middle of the projects that may not be able to finish. Regardless of how you feel about the issue the matter comes down to simple leverage and I’m a bit surprised that DD’s new owners at Galloping Horse and Reliance Mediaworks are trying to make this risky move. Some feel the timing is a bit suspect given that management announced this before the holidays and have given a deadline for everyone to agree to these new terms shortly after.Īn ad hoc group of DD employees have banded together to start a site called VFX United. From what I’ve been told there was a recent meeting about the announcement that was met with a heavy amount of criticism. I was a little late to the news but Digital Domain recently announced company wide pay cuts for employees.
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