Digital Domain Capital Partners continues European market expansion through strategic investment in Highlight Event & Entertainment AG
●Digital Domain Capital Partners' (DDCP) stake in Swiss-based Highlight Event & Entertainment AG (HLEE) to above 3 per cent
●Strong strategic fit between Digital Domain's offering in visual effects, virtual reality and virtual human technology and Highlight Event & Entertainment's ventures
Hong Kong/Luxembourg, May 10, 2021. Digital Domain Capital Partners, the recently created 60%-owned subsidiary of Digital Domain Holdings Limited (DDHL), a global market leader in visual effects, virtual reality and virtual humans, has acquired a strategic minority equity stake in Highlight Event & Entertainment AG (HLEE: SWX). The Swiss-listed sports-to-movies conglomerate (HLEE") counts well-known and established companies such as Constantin Film and Entertainment AG and Sport 1 Medien AG among its assets.
With this investment, Digital Domain Capital Partners now holds a stake of 3.01% of HLEE. The aim of this strategic move is to further expand Digital Domain's footprint in the European market by partnering with a company known for its movie, media and digital assets. This way, Digital Domain can further expand its virtual reality technologies and visual effects production capabilities in the European market. Digital Domain had started its thrust into Europe earlier this year through the acquisition of a strategic stake in the listed German EdTech company Asknet.
"This investment by Digital Domain Capital Partners constitutes the start for a long-term business partnership with Highlight Event & Entertainment and its various content and media properties. Our technological solutions and HLEE's activities are a good fit - we look forward to establishing a deep cooperation in the near future", says Daniel Seah, Executive Director and CEO of DDHL.
The combination of DDHL's groundbreaking technology and HLEE's position in the European film and entertainment market will open up great opportunities for HLEE and its subsidiaries Constantin Film AG and Sport 1 and has the potential to provide a real impact for the European film and entertainment market. Through the application of DDHL's 360-degree camera and virtual human technology, HLEE will shape the way of film production and sport broadcasting in the future.
Digital Domain has grown to lead the visual effects industry throughout the last quarter of a century, expanding globally into virtual reality, virtual production and visualization. The company was founded in 1993 by the legendary movie director and three-time Oscar winner James Cameron as well as Stan Winston and Scott Ross. Today, Digital Domain has offices in Los Angeles, Vancouver, Montréal, Beijing, Shanghai, Shenzhen, Taipei, Hong Kong and Hyderabad. Digital Domain's groundbreaking visual effects appear in hundreds of iconic award-winning feature films such as "Titanic," "The Curious Case of Benjamin Button" and recent blockbusters "Avengers: Endgame" and "Ready Player One"