Tupac hologram makers Digital Domain declared bankrupt

Special effects company is struggling with debts of over $200 million

Tupac hologram makers Digital Domain declared bankrupt
Digital Domain, the makers of the infamous Tupac hologram, have filed for bankruptcy.

The company, whose founders include Avatar director James Cameron, has suspended trading on its shares and asked for bankruptcy protection yesterday (September 11).

Digital Domain, which only became a public limited company in November, filed the order with debts of $214 million (£133 million) and shares valued at $0.55 (34p), compared to the price of $9.20 (£5.72) when they floated.

The company also worked as a special effects agency for several Hollywood studios and contributed work to the likes of Pirates Of The Caribbean, Transformers and Titanic. It also won an Oscar for its work on The Curious Case Of Benjamin Button.

According to CNN, the company had hoped that it would be able to secure lucrative new business from making high-profile holograms and receiving a percentage of the ticket sales from their live tours, but has been unable to shift its burden of debt.

The company had previously said that it was planning to resurrect Elvis Presley in a similar manner to their Tupac hologram, which made its only appearances at this year's Coachella Festival. Click below to watch it in action.


Read More On This Artist

More News
Kanye West denies that he is an Illuminati member: 'We don't run anything; we’re...
Panic! At The Disco return with new song 'Hallelujah' – listen
Surfer Blood guitarist diagnosed with cancer
Courtney Barnett covers John Cale's 'Close Watch' – listen
Unknown Mortal Orchestra reveal new song 'Can't Keep Checking My Phone' – listen
Twin Shadow postpone UK tour dates following tour bus crash
Pearl Jam’s Eddie Vedder performs with The Sonics for Record Store Day – watch
Neil Young debuts new band and new songs at surprise gig – watch
Beck and Karen O cover Lou Reed songs at Rock And Roll Hall of Fame – watch
Liam Gallagher declines to comment on speculation regarding possible Oasis reunion
Madonna adds further dates to the Rebel Heart Tour 2015 due to demand
Jack White: 'Treat your local punk bands as well as you treat the new blockbuster movie'
Kanye West performs 'Alors On Danse' with Stromae at Coachella - watch
Zayn Malik tweets for the first time since leaving One Direction
Alex James says he isn't friends with neighbour David Cameron: 'I should have moved to...
Christina Aguilera performs at ACM Awards – watch
Kanye West collaborator on hip-hop project with Marcus Mumford: 'It’s going to sound...
Blur premiere new track 'Ong Ong' - listen
Nicki Minaj appears onstage with Drake at Coachella but doesn't sing or say anything - watch
Museum of Modern Electronic Music to open in Germany
'X Factor' boyband Stereo Kicks 'glad to be away from' Louis Walsh
A$AP Rocky settles lawsuit out of court after allegedly slapping female fan

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM