Unity Is Acquiring Weta Digital
“Today, Unity announced that it has entered into a definitive agreement to acquire Weta Digital, specifically its artist tools, core pipeline, intellectual property, and award-winning engineering talent. The Academy Award-Winning VFX service teams of Weta Digital will continue as a standalone entity known as WetaFX and will become Unity’s largest customer in the Media and Entertainment space. By combining the industry leading VFX tools and technical talent from the incredible team at Weta, plus the deep development and real-time knowledge within Unity, we aim to deliver tools to unlock the full potential of the metaverse.” reads the announcement of Unity’s $1.625 billion cash and stock acquisition of Weta Digital.
As Daring Fireball notes “gaming is bigger than movies + sports combined” still odd to see a world when Unity can buy and Oscar-winning visual effects studio.