Digital Domain (DDMG) files for bankruptcy protection after last week defaulting on debt...

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

Digital Domain (DDMG) files for bankruptcy protection after last week defaulting on debt repayments of $35M in senior notes, and the resignation of Chairman and CEO John Textor. The company, whose founders include James Cameron and which produced the special effects for "Titanic," has total debt of $214.M and assets of $205M.