Company behind special effects in hits from ‘Dune’ to ‘Oppenheimer’ to expand into movie production
One of the UK’s largest movie technology businesses has been valued at more than $2bn following Abu Dhabi-backed fundraising that will allow the group to develop new AI tools to create films and games. London-headquartered DNEG Group, which has worked on the visual effects in movies including Dune, Oppenheimer, Interstellar and Blade Runner 2049, has raised about $200mn from United Al Saqer Group, an Abu Dhabi investor backed by a member of the emirate’s royal family.
creating the next generation of technology tools that could be used by high end content creators,” said Namit Malhotra, DNEG chair and chief executive. DNEG is now working on films including Animal Friends alongside Legendary Entertainment, starring Ryan Reynolds, and The Angry Birds Movie 3. It is also producing an adaptation of Indian epic the Ramayana for global audiences. The deal also shows the movie industry ambitions of Abu Dhabi, which also helped fund the £1.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abu Dhabi’s Masdar seeks European acquisitionsState-backed green energy group to ‘pump more capital’ into region after buying Greece’s biggest renewables company
Read more »
United stance on renaming Old Trafford to fund Sir Jim Ratcliffe's £2bn dreamIneos will consider selling naming rights to Old Trafford as part of a move to raise funds to help with the redevelopment of the ground or a new build.
Read more »
Man United to consider renaming Old Trafford if they build new £2bn stadiumIneos will consider selling naming rights to Old Trafford as part of a move to raise funds to help with the redevelopment of the ground or a new build.
Read more »
Elder Scrolls Online: Building a $2bn game by breaking the rulesHow the Elder Scrolls Online survived a difficult launch to become a quiet gaming success story.
Read more »
Council credit rating withdrawn amid huge near £2bn debtsWarrington Borough Council has debts of £1.85 billion
Read more »
Council credit rating withdrawn amid near £2bn debtsWarrington Borough Council has debts of £1.85 billion
Read more »