Daily News: September 24, 2012

JV to Acquire Assets of Digital Domain, Mothership


Digital Domain Media Group, Inc. (DDMG) announced that a joint venture, led by Galloping Horse America, LLC, in partnership with Reliance MediaWorks (USA), Inc., submitted the winning bid to acquire the visual effects, Mothership Media and certain other businesses and assets of Digital Domain Productions, Inc. and subsidiaries for $30.2 million at a September 21, 2012 auction in New York. The sale is subject to execution of an asset purchase agreement and bankruptcy court approval, the hearing for which is currently scheduled for Monday, September 24, 2012.

Galloping Horse