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DDMG Estate

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  1. February 05, 2015

    3rd Circ. Denies Disney Rights To Broad 3-D Patent License

    The Third Circuit on Thursday agreed with a lower court ruling that Walt Disney Co. was not entitled to a broad license on 3-D film patents sold by bankrupt effects shop Digital Domain Media Group Inc., affirming that Disney's rights to the technology were limited.

  2. October 29, 2014

    Bankrupt DDMG Will Return $18M In Tax Credits To Fla.

    Bankrupt special effects company Digital Domain Media Group Inc. agreed to release $18 million of the $20 million in film project tax credits it received from Florida back to the state, the Florida Department of Economic Opportunity announced Wednesday.

  3. September 24, 2014

    DDMG Unlikely To Keep Bulk Of $20M Tax Credit, Judge Says

    A Delaware bankruptcy judge said Wednesday that the bulk of the $20 million in Florida tax credits "Titanic" special effects company Digital Domain Media Group Inc. applied for is unlikely to remain part of the debtor's estate, but it might have a shot at preserving roughly $2 million worth.

  4. September 09, 2014

    DDMG Says Fla. Tax Credits Are Part Of Bankruptcy Estate

    The debtor's committee representing James Cameron's Digital Domain Media Group Inc. urged a Delaware bankruptcy judge on Monday to decline Florida's challenge and protect at least $2 million in tax credits as part of the debtor's estate.

  5. August 04, 2014

    Fla. Says $20M In Tax Credits Not Part Of DDMG Estate

    The Florida Department of Economic Opportunity asked a Delaware bankruptcy judge Friday to rule that $20 million in tax credits Digital Domain Media Group Inc. applied for aren't part of the debtor's estate because the "Titanic" special effects shop never met the conditions for final approval.

  6. October 02, 2013

    Disney Loses Appeal For Broad License To 3-D Patent Rights

    A Delaware federal judge Tuesday denied a Walt Disney Co. appeal that claimed the movie giant has a broad license on 3-D film patents acquired and later sold by bankrupt effects shop Digital Domain Media Group Inc., confirming that Disney's rights to the technology are limited.

  7. January 07, 2013

    3-D Patent Bankruptcy Sale Halted For Disney Appeal

    A Delaware bankruptcy judge on Monday halted a $5.4 million sale of 3-D film patents by defunct effects shop Digital Domain Media Group Inc. to make way for an appeal from a Walt Disney Co. unit that claims it is licensed to use the technology.

  8. December 04, 2012

    Disney Clashes With Media Effects Co. Over 3-D Tech License

    Digital Domain Media Group Inc. and The Walt Disney Co. battled in Delaware bankruptcy court Tuesday as the big-ticket studio sought to confirm its rights to patented 3-D film technology set to be auctioned off by the special effects company this week.

  9. November 27, 2012

    Effects Co. Investor Can Challenge $70M Bankruptcy Claim

    A Delaware bankruptcy judge on Tuesday granted a private equity backer of Digital Domain Media Group Inc. standing to challenge a $70 million claim from the special-effects shop's senior noteholders, which the investor says was bloated by an unlawful default penalty.

  10. November 20, 2012

    Effects Co. Investors Say Unlawful Penalty Doubled Debt

    A group of Digital Domain Media Group Inc. investors launched an adversary suit in Delaware bankruptcy court Tuesday claiming its senior creditors inflated their secured claim by imposing an unlawful $28 million penalty that doubled the special-effects shop's debt in six months.

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