Sean Parker tips more capital into Weta Digital

Silicon Valley billionaire Sean Parker now owns a quarter of Weta Digital.

Tue, 04 May 2021

US billionaire Sean Parker has lifted his stake in Weta Digital to 25.7% in the second investment round earmarked for the visual effects firm’s burgeoning animation business and to help blunt the edges of the covid-19 pandemic.Filings to the Companies Office show Parker’s Weta Holdings LLC entity was issued 5.6 million shares on April 30, taking his holding to 13.9m shares, or 25.7% of Weta Digital.That matches the size of the second round of investment flagged in his application to the Overseas Investment Office in July last year....

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Retail

JB Hi-Fi continues NZ charge, plans three more stores

The electronics retailer wants 26 stores in New Zealand by the end of next year.

Gregor Thompson 11:00am

Primary Sector

Alliance Group deal: Dawn Meats to acquire 65% stake

It still requires shareholder approval.

Riley Kennedy 10:25am

Alliance Group deal: Dawn Meats to acquire 65% stake

Markets

PEP buys 75% of Spark datacentres

The deal is bigger than expected and at the low end of valuations.

Pattrick Smellie 10:00am

Sponsored

Why NZ businesses lag on solar and the adoption of clean on-site renewable energy

Aussie firms are beating Kiwis in solar use – but that can change.

Lightforce

Sponsored

A decade in, Spark’s AI journey is paying off

The telco’s use of AI offers insights for every Kiwi business.

Spark

More Services

Services

Food Chain report shows $9m owing

More than $9.1m is owing in the liquidation of food supplier Food Chain, the first report in the insolvency shows. The company, which has ceased trading, had approximately 60 staff, and is also in receivership. The first liquidators' report of Adam Botterill and Damien Grant...

Staff reporters 11 Jul 2025