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Technology billionaire invests in Weta Digital, plans to help it grow

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Technology entrepreneur Sean Parker has made a “significant” investment in Peter Jackson’s Wellington-based Weta Digital special effects company.

Variety reports that Parker and Jackson made the announcement jointly. They did not disclose the size of Parker’s investment or the specific role he would play.

“I’ve long admired Peter Jackson’s and Fran Walsh’s work, and the ground-breaking VFX and animation that Weta Digital has created over the last two decades,” Parker said.

“The visionary leadership, imagination, and technical expertise of Weta Digital was vital to the creation of Academy Award winning films such as ‘Avatar,’ ‘King Kong,’ and ‘Lord of the Rings.’ I look forward to helping grow Weta Digital and I’m excited to partner with Peter, the leadership of Weta, and its incredibly talented team.”

Variety reports that Parker was the co-founder of Napster at age 19. In 2004 he joined with Mark Zuckerberg to develop Facebook and served as Facebook’s founding president. He is also the founder and president of the Parker Foundation, which announced a $250 million grant to form the Parker Institute for Cancer Immunotherapy.

Jackson said in a statement: “Sean Parker brings an invaluable expertise that will fortify Weta Digital from a technological perspective, while also focusing on its growth as an industry leader. As I have gotten to know him, I have been extremely impressed with his curiosity, intelligence and passion.”

Weta Digital has received six visual effects Academy Awards, 10 Academy Sci-Tech Awards and six visual effects BAFTA Awards.

1 comment:

  1. Anabel, 13. September 2019, 7:17

    Facebook gives me the creeps now they can make productions using the 2017 technology that lets anyone make videos of real people appearing to say things they’ve never said. Fix it in post will have a whole new meaning. .

     

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