Unity acquires tech arm of Weta Digital for $ 1.63 billion

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Unity Software on Wednesday announced the acquisition of the technology division of New Zealand-based Weta Digital, founded by Peter Jackson and known for its work in visual effects.

The deal, estimated to be worth around $ 1.62 billion, will see the acquisition of artist’s tools, core pipeline, intellectual property and engineering talent.

Weta Digital was founded by Peter Jackson in 1993. Unity Software says it will bring the tools from Weta Digital – which were used in “The Lord of the Rings”, “Planet of the Apes” and various other films – to the available to creators. anywhere in the world via a cloud-based workflow.

“Weta Digital’s tools have created limitless possibilities for us to bring to life the worlds and creatures that originally lived in our imaginations,” Jackson said in a statement. Together, Unity and Weta Digital can create a path for any artist, in any industry, to take advantage of these incredibly creative and powerful tools. Providing creative aspirants with access to Weta Digital technology will be nothing less than a radical change, and Unity is just the company to bring that vision to life. “

Under the terms of the agreement, Weta Digital’s visual effects and animation teams will continue to operate as a stand-alone company known as WetaFX. It will remain majority owned by Jackson and will be headed by CEO Prem Akkaraju.

The proposed deal is expected to be concluded before the end of 2021, although this may vary depending on regulatory approval.


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