WētāFX finds strength in Unity deal

Peter Jackson has left plenty of cash in WētāFX. (Image: Getty)

Wed, 05 Jan 2022

WētāFX is flush with cash after the US$1.6 billion (NZ$2.3b) sale of its technology unit, with Peter Jackson and his fellow shareholders leaving plenty of working capital in the visual effects firm. The assets of the old Weta Digital have been poured into a new entity called WētāFX – with macrons – in a restructuring that carved out up to US$772m in cash and the US$618m in Unity stock for shareholders, leaving almost US$230m of cash for the Wellington-based company, according to documents filed with the Companies Office.The war...

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