Digital Domain Master thread(losses continue. In the first 6 months lost $23M)

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Old 07 July 2012   #46
Originally Posted by bobtronic: Unfortunatly not, more and more cinemas show only the 3D version to save money.

On top of that I wear glasses and have no depth perception. Going to the cinema is not very attractive for me anymore, which is a shame because I used to love to watch a good movie on the big screen.


Slightly OT: I have eye damage that kills my depth perception a great deal, 3D movies look like mush to me so I skip 'em.

I spend the money on anime instead!

As to patent lawsuits - it's the New Reality. Instant income stream with minimal effort.
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Old 07 July 2012   #47
There's glasses you can get that'll allow you to watch a 3D movie in 2D, both lenses have the same filter so it just shows you one of the images rather than a different one for each eye. Probably still some ghosting but it's an option if you want to see a movie but there's no 2D showings available.
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Old 07 July 2012   #48
Getting back ON TOPICThis might explain some things:

Challenged by stock price, special effects company Digital Domain weighs options




"Worried that Digital Domain Media Group is mired in “microcap hell,” Chairman and Chief Executive John Textor said today he aims to lure a large investor or perhaps sell part of the entertainment company that’s the cornerstone of Florida’s investment in the animation industry.

In a call with investors this morning, Textor lamented the stock market’s tepid response to the company. Digital Domain (NYSE: DDMG) went public in November at $8.50 a share, and shares mostly have languished below that level.
Digital Domain stock spiked to $9.20 in May but traded below $5 this week. After shares jumped today, the company is valued at $221 million — below the informal $300 million threshold between so-called small-cap and microcap companies.
Textor said investors are punishing Digital Domain because of the low-margin nature of its visual effects business. And, he argued, they’re undervaluing less established but potentially more profitable units such as its new school in West Palm Beach and its burgeoning business of creating virtual versions of dead stars such as Tupac Shakur and Elvis Presley.
“The sum of the parts is clearly worth more than the whole,” Textor said.
He said it was unclear how any “strategic alternative” would play out.
“We answer to our shareholders, so we have to really be open-minded to everything,” Textor said. “The ideal would be selling a $25 million minority interest.”
Textor, Digital Domain’s largest shareholder, owns a 25 percent stake in the company. In the first quarter of 2012, Digital Domain reported a loss of $14.8 million on revenue of $31.1 million.
Taxpayers paid for Digital Domain to build an animation studio in Port St. Lucie, and they’re footing much of the bill for an animation school in West Palm Beach. In all, Digital Domain has been promised $132 million in cash, land, tax credits and financing from the state and the cities of Port St. Lucie and West Palm Beach."

http://www.tcpalm.com/news/2012/jul...ts-company-dig/
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Old 07 July 2012   #49
The stock market is a walking zombie, low volumes, most of the sensible people are out of it now, and are waiting for the iminent crash. Its the worst time to go by that. Stupid thing it destroys everthing.
 
Old 07 July 2012   #50
So Michel Bay no longer owns Digital Domain?
 
Old 07 July 2012   #51
What Roberto posted kinda sounds like DD is slowly being forced to shutdown it's business unless they make a lot more money for it's investors/stockholders soon. If they are still around in five years we should be happy, but it seems unavoidable that they will dissapear in a couple of years.

/ Magnus
 
Old 07 July 2012   #52
Cool some idea on lawsuit

The biggest problem with patent trolling lawsuit is that its cheaper to pay than to fight.

It the same with piracy IP trolling (company sues people for downloading porn. pay 5000 or fight, blah blah blah) which become so bad (they sue anyone linked to wifi IP, whether open or not, and wifi is not actually secure). Because $5000 is cheaper than to fight.

There are cases when other companies pay (usually smaller ones), and big company willing to fight (due to war chest size and out of principal) and the troller does lose their patent if it was too obvious.

Anyway, these trolling does came up frequently at ars technica recently (including the piracy porn trolling).
 
Old 07 July 2012   #53
Originally Posted by RobertoOrtiz: Getting back ON TOPICThis might explain some things:

Challenged by stock price, special effects company Digital Domain weighs options




"Worried that Digital Domain Media Group is mired in “microcap hell,” Chairman and Chief Executive John Textor said today he aims to lure a large investor or perhaps sell part of the entertainment company that’s the cornerstone of Florida’s investment in the animation industry.

In a call with investors this morning, Textor lamented the stock market’s tepid response to the company. Digital Domain (NYSE: DDMG) went public in November at $8.50 a share, and shares mostly have languished below that level.
Digital Domain stock spiked to $9.20 in May but traded below $5 this week. After shares jumped today, the company is valued at $221 million — below the informal $300 million threshold between so-called small-cap and microcap companies.
Textor said investors are punishing Digital Domain because of the low-margin nature of its visual effects business. And, he argued, they’re undervaluing less established but potentially more profitable units such as its new school in West Palm Beach and its burgeoning business of creating virtual versions of dead stars such as Tupac Shakur and Elvis Presley.
“The sum of the parts is clearly worth more than the whole,” Textor said.
He said it was unclear how any “strategic alternative” would play out.
“We answer to our shareholders, so we have to really be open-minded to everything,” Textor said. “The ideal would be selling a $25 million minority interest.”
Textor, Digital Domain’s largest shareholder, owns a 25 percent stake in the company. In the first quarter of 2012, Digital Domain reported a loss of $14.8 million on revenue of $31.1 million.
Taxpayers paid for Digital Domain to build an animation studio in Port St. Lucie, and they’re footing much of the bill for an animation school in West Palm Beach. In all, Digital Domain has been promised $132 million in cash, land, tax credits and financing from the state and the cities of Port St. Lucie and West Palm Beach."

http://www.tcpalm.com/news/2012/jul...ts-company-dig/


The problem with taking a company public is if the Public do not have a good understanding of what you do.

It's one thing when WB go public....(under Time-Warner). Their product is close enough to Public Consumer consciousness so that people's perceptions of Value can be molded, even influenced, while at the same time they do not have wrong assumptions about things.

The problem with going public as a VFX house is that the public may be shocked to find out the margins are not as big as they imagine.... They also have very little understanding about how this type of business runs... and that can lead to de-valuation.

By comparison Industrial Light and Magic and its parent Lucasfilm Ltd. continue to be privately held. And that's even considering that Lucasfilm has enough "Perception Veneer" to actually probably raise a whole lot of money by going public.

Publicly listing in a business like CG and FX that, at times, is hard enough to explain to your own family members (let alone the stock-trading Public) is not a smart move if you ask me.

P.S.: Wondering if DD went public based on the frequent notion that doing an IPO raises a lot of "free extra capital". If so, the posters above who opined DD may be in real trouble probably are on to something.... But I like DD's work... So I'm hoping that's not the case.
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Last edited by CGIPadawan : 07 July 2012 at 08:27 AM.
 
Old 07 July 2012   #54
Reliance MediaWorks now signed a Licences Deal

but this is no suprise, because Reliance is a Partner of DD

link
 
Old 07 July 2012   #55
Originally Posted by darthviper107: There's glasses you can get that'll allow you to watch a 3D movie in 2D, both lenses have the same filter so it just shows you one of the images rather than a different one for each eye.


I N C E P T I O N !
 
Old 07 July 2012   #56
What? I don't get how that relates?
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Old 07 July 2012   #57
Movie within a movie
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Old 07 July 2012   #58
“The sum of the parts is clearly worth more than the whole,” Textor said.


Its not though and that's the problem with film VFX. Your company produces nothing with a tangible value thats owned by the company that can bring in a steady stream of income.

Last edited by mr Bob : 07 July 2012 at 10:53 PM.
 
Old 07 July 2012   #59
DD had some questionable business practice stuff going back nearly 15 years. And that's apart from the whole business where Cameron was moved out of the company (guess he was king of the world, but, in SEINFELD fashion, no longer master of his Digital Domain.)

I dimly remember that on RED PLANET DD had some insane deal where they'd be paid a 50% of total vfx budget penalty if production used them for less than the contracted number of shots, plus the rates they had for mo-con stage shooting were high enough to be appropriate only if you were really doing the sequence on another planet. We're talking about a show where they were originally the principal vendor (with Cinesite as key support, they were doing all the cool AMEE robot stuff) and supposed to do 250 shots, but ultimately DD did something like 35, and the overall shotload, spread among nearly a dozen vendors, was about 950.

RED PLANET was one of those movies where everything went wrong, with the director -- who had a great history with commercials that were done with DD, though no features -- not able to deal with the stars, one of whom had a restraining order taken out against the other, which played havoc with two-shots, since they'd have to filmed separately, and then the director made them miss their release date massively, taking months and months to deliver any cut of the film. I heard that the editor, Uriosite, was the real hero of the picture, since he totally recut it in order to get it into the marginal shape it was for eventual release.
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Old 07 July 2012   #60
Originally Posted by WyattHarris: Hopefully this will speed up the demise of 3D.

Ha, that would be interesting end game to 3D movies. Leaving DD sitting on the dust of worthless patents as angry shareholders storm their gates.
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