So there has been a boom of conversation the last week since the news that Digital Domain has defaulted on a loan. On Friday the DDMG company closed its much controversial[to Artists] studio in Florida. Also on Friday John Textor the CEO of DDMG resigned his post. While The Venice studio still stands the artist there are most likely looking for other work as the venice studio has a very high chance of closing as well.
It's a sad day for the 300 artist that either volunteered to go over there and work and or train others.
The best thing for DD to do is to tell all their artists the truth and let them make a decision on what to do about work. The worst thing they can do is pretend that everything is ok and this will get better. Dragging this out over months and months is both unfair and makes unhappy workers.
I challenge other post houses to start contacting these awesome artists and make offers before they fall off the grid. If your looking for great [Insert Needed Artist Position Here] heres your chance.
Ask any recruiter and they will tell you, Good artists are hard to find.
Here are some links if you would like to get more information.
Digital Domain Media Group Initiates Strategic Realignment
Via finance.yahoo.com
Digital Domain Media Group, Inc. (DDMG) today announced that it has initiated a strategic realignment that will enable it to focus its resources on its core business, Digital Domain Productions, Inc., a company focused on creating digital visual effects, CG animation and digital production for the entertainment and advertising industries. As a key part of this strategic realignment, DDMG has begun the cessation of its Port St. Lucie operations by reducing virtually its entire Port St. Lucie workforce, retaining approximately 20 employees who will remain as part of the wind-down.
Financially Beleaguered Digital Domain
Bill Desowitz:
After defaulting on a $35 million loan and to avoid bankruptcy, Digital Domain Media Group has initiated a strategic realignment to protect its core VFX and CG animation business. The beleaguered John Textor is out as CEO and chairman of DDMG; and long-time Digital Domain exec Ed Ulbrich has been promoted to CEO of Digital Domain Prods.