Los Angeles Times: Former CEO Textor comments on Digital Domain’s investment in ‘Ender’s Game’

“Ender’s Game,” released Nov. 1, from Digital Domain 3.0. (Source: LA Times)

From The Los Angeles Times: John Textor, the chief executive of the Florida-based company that previously owned the Venice (CA) studio, said the company invested $17.2 million in exchange for a 37% equity stake in the project.

Additionally, the company agreed to contribute visual-effects work at “cost,” without charging a markup for its services on the film. That had a value of about $10 million, which would be recouped by giving Digital Domain a share in box-office revenues, said Textor, the former CEO of Digital Domain Media Group.

“‘Ender’s Game’ will do well enough to have justified the investment and will likely produce continuing returns, maybe even sequels, back to Digital Domain, ” Textor said. “Until the industry is rewarded for its creativity, it willl suffer and diminish.”

For the complete story: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-enders-game-digital-domain-20131025,0,5541398.story#axzz2jbo2IJGq

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