Last $0.0070 USD
Change Today 0.00 / 0.00%
Volume 0.0
DDMGQ On Other Exchanges
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OTC US
As of 8:10 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

digital domain media group i (DDMGQ) Snapshot

Open
$0.0070
Previous Close
$0.0070
Day High
$0.0070
Day Low
$0.0070
52 Week High
11/5/13 - $0.03
52 Week Low
12/23/13 - $0.0030
Market Cap
304.9K
Average Volume 10 Days
5.5K
EPS TTM
$-2.63
Shares Outstanding
43.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for DIGITAL DOMAIN MEDIA GROUP I (DDMGQ)

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digital domain media group i (DDMGQ) Details

Digital Domain Media Group, Inc., a digital production company, engages in the creation of original content animation feature films, and development of computer-generated imagery (CG) for feature films and transmedia advertising primarily in the United States. The company’s digital production business provides end-to-end solutions across multiple media platforms spanning various content production processes from idea generation and pre-production to design, directing, live-action production, and post-production. Its digital production business has three digital production business units comprising Digital Domain Productions that provide visual effects (VFX) for feature films and advertising; Mothership, which develops, creates, produces, and implements marketing solutions for brand advertisers and advertising agency clients; and In-Three that engages in the creation and conversion of 2D content into 3D stereo imagery. The company’s animation studio business focuses on the development of original full-length, family-oriented CG animated feature films. Its education business operates a post-secondary educational institution to produce workforce-ready graduates possessing traditional motion picture arts, and technical animation and VFX CG skills. The company was formerly known as Wyndcrest DD Florida, Inc. Digital Domain Media Group, Inc. was founded in 1993 and is headquartered in Port St. Lucie, Florida. On September 11, 2012, Digital Domain Media Group, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

933 Employees
Last Reported Date: 03/30/12
Founded in 1993

digital domain media group i (DDMGQ) Top Compensated Officers

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digital domain media group i (DDMGQ) Key Developments

Digital Domain Media (HK) Limited to Form Joint Venture with TNT Production Limited

Digital Domain Media (HK) Limited, an indirect wholly-owned subsidiary of Digital Domain Holdings Limited, has entered into a co-operation joint venture framework agreement with TNT Production Limited for the formation of the joint venture company to engage in the production and utilization of 3-D holograms of Teresa Teng using digital 3-D technology and the exploitation of the new holograms in the entertainment business, including concerts, albums, movies and advertisements. All the companies are based in Hong Kong. TNT is to grant intellectual property rights (IP rights) to the JV to use Teresa Teng image to create 3-D holograms, while DDM is to make proportionate capital contribution in cash based on the valuation of such IP rights, subject to a capitalization of HKD60 million ($7.73 million). The JV is to be owned as to 60% by DDM and 40% by TNT. The JV is part of DDM's business strategy of expanding its principal business into the media entertainment sector.

The State of Florida Files a Lawsuit against Digital Domain Media Group, Inc. to Recover $20 Million

The state of Florida on July 22, 2014 filed a lawsuit to recover $20 million invested in the Digital Domain Media Group, Inc., which filed for bankruptcy in 2012. The lawsuit against the company and a number of other entities contends that the company defrauded the state out of $20 million in seed money by misrepresenting its debt problems and other allegedly fraudulent acts. Digital Domain had promised to create about 500 jobs at a Port St. Lucie animation studio and a West Palm Beach film school, but its shutdown resulted in 280 layoffs.

Levi & Korsinsky Announces Class Action Lawsuit against Digital Domain Media Group, Inc

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased Digital Domain Media Group, Inc. stock between November 18, 2011 and September 6, 2012.

 

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