DNEG Secures $200M Investment to Revolutionize Visual Effects with AI and Expand in Abu Dhabi

July 3, 2024
DNEG Secures $200M Investment to Revolutionize Visual Effects with AI and Expand in Abu Dhabi
  • DNEG, a visual effects and animation firm, secures a $200 million investment from Abu Dhabi's United Al Saqar Group.

  • The investment boosts DNEG's valuation to over $2 billion.

  • Funds will aid DNEG's shift to content production and tech partnerships, particularly focusing on their AI-driven CGI creator Ziva, under Brahma.

  • DNEG plans to set up a visual experience hub in Abu Dhabi.

  • The company aims to expand Prime Focus Studios to co-produce feature films.

  • CEO Namit Malhotra expresses enthusiasm for the partnership, emphasizing innovation, job creation in the UAE, and industry transformation through advanced technology.

Summary based on 10 sources


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