Sir Peter Jackson’s Weta Digital film studio has sold part of its business for $NZ2.3 billion.
Weta has sold its digital tools to a US-based company called Unity. They produce software for game developers and digital artists.
The deal includes the studio’s tools, current work, its technology, and 275 staff.
Sir Peter Jackson said that together, Unity and Weta will make its incredibly powerful digital tools available to any artist.
In the statement, Weta Digital said that the company will remain in New Zealand.
Weta Digital was founded by Sir Peter, Sir Richard Taylor, and Jamie Selkirk in 1993. It has produced visual effects for films ranging from The Lord of the Rings series to King Kong, Avatar, Dawn of the Planet of the Apes, and more.
It has also won six Academy Awards for best visual effects.