Movie Effects Maker For Disney, Marvel Gets Asset Sale OK

Law360, New York (November 9, 2012, 2:25 PM EST) -- A Delaware bankruptcy judge on Thursday approved an auction date and bid procedures for film effects company Digital Domain Medial Group Inc. to sell its rights to certain movies and property, some of which are disputed by The Walt Disney Co. and Marvel Entertainment LLC.

U.S. Bankruptcy Judge Brendan L. Shannon greenlighted DDMG, creator of digital effects for films such as “Titanic” and “Transformers,” to auction its assets beginning Nov. 28, but preserved the rights of objectors, including Disney and Marvel, to dispute the sales....
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