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

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.
Comments (5)
  • ex Visual Effects
    , contributor
    Comments (23) | Send Message
     
    here we go..
    7 Sep 2012, 12:04 PM Reply Like
  • freerateupdate
    , contributor
    Comment (1) | Send Message
     
    I'm not sure if this is good or bad. Probably, in the long term, a good thing.
    7 Sep 2012, 02:13 PM Reply Like
  • Wizard of the West
    , contributor
    Comments (8) | Send Message
     
    It is sad when a vision is not reached!
    7 Sep 2012, 02:57 PM Reply Like
  • MBAstill
    , contributor
    Comments (26) | Send Message
     
    it's sadder when the vision was blurred and in the process many people were hurt.
    8 Sep 2012, 03:25 PM Reply Like
  • ex Visual Effects
    , contributor
    Comments (23) | Send Message
     
    http://bit.ly/O5BqKn

     

    delisted ....

     

    vision was foggy at best...

     

    the SEC and the 6 class action suits will hopefully determine if anyone had their fingers in the virtual cookie jar. It amazes me to see just how stupid analysts and pundits really are. PT Barnum was right.
    3 Oct 2012, 02:43 PM Reply Like
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