Digital Domain (DDMG -5.3%), crushed on Wednesday after defaulting on its debt, is unveiling a...

|About: Digital Domain Media Group,... (DDMGQ)|By:, SA News Editor

Digital Domain (DDMG -5.3%), crushed on Wednesday after defaulting on its debt, is unveiling a major restructuring. Chairman/CEO John Textor has resigned from all positions with the company, and DDMG plans to shut down its Port St. Lucie, FL special-effects studio, which only in June got a very favorable newspaper write-up. The company's California and Vancouver studios will keep running.