Unity buys Weta VFX platform for $ 1.6 billion

Unity has entered into an agreement to buy the VFX platform Weta Digital, with the aim of leaning further into the metaverse.

Weta was co-founded by director Peter Jackson and is responsible for digital design and animation in some of the world’s greatest entertainment series, including Lord of the Rings, Avengers and Game of Thrones.

The $ 1.62 billion deal will see Unity get Weta’s pool of 275 employees, as well as dozens of digital design tools, thousands of assets and Weta’s data platform.

Weta CEO Prem Akkaraju will remain in their position, while Weta CTO Joe Marks will join Unity but retain the same job title. The deal is expected to close in Unity’s fourth quarter, 2021.

“Unity is the best at delivering world-class tools and technology to creators. Together, we have the ability to make Weta Digital’s award-winning, high-end artist pipeline and tools that are in a class of their own, available to a much wider audience of artists than what has been historically possible, “Akkaraju said.

“Weta’s goal has always been to inspire and motivate a whole new generation of creators, and it’s exciting to hand over the mantle to Unity. I see a future where more and more content shares the same level of visual fidelity as Avatar and Game of Thrones and Unity is the ideal company to lead us into this future. “

“We are excited to democratize these industry-leading tools and bring to life the genius of Sir Peter Jackson and Weta’s amazing engineering talent for artists everywhere,” said John Riccitiello, President and CEO of Unity. “Combining the power of Unity and Weta Digital, the tools and technology that built characters and scenes from the world’s most iconic films such as Avatar, Lord of the Rings and Wonder Woman will enable a whole new generation of creators to build, transform and distribute amazing RT3D content. “

Previously, Unity bought the screen-sharing software Parsec for $ 320 million.

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