Acquired back in 2021 for an eye watering 1.6 BILLION dollars by Unity, today Weta Digital is being closed. In the face of high business costs not being offset by revenues, partially from expensive purchases like Weta, Unity proposed the Unity Run-time Fee. To say this was poorly received by … Unity Layoff 3.8% Of Workforce – Weta Digital Closed Read More
  • anlumo@feddit.de
    4·
    1 year ago

    1.6 Billions, and everybody wondered why they bought Weta Digital and what they want to do with it. Apparently they didn’t know as well.

    They didn’t even kill competition with that move, they just dealt a major blow to the film industry.

  • IrritableOcelot@beehaw.org
    3·
    1 year ago

    It should be noted that it seems like Unity bought only part of Weta–the “technical and engineering division”. I don’t think this means that Weta as a VFX studio is going away.