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Now I’m so afraid for Parsec.
So essentially, Riccitiello gifted $1.6 billion in shares to Weta FX founder Peter Jackson and investor Sean Parker by buying a tool they’re virtually abandoning two years after?
Earlier quoted context omitted.
They also acquired 250 people who they are now laying off and Weta is rehiring. Seems like a disaster of a deal by Unity. Weta just got free money for a snapshot of their code.
Unity apparently had no clue what to do with the toolset when they had the team that built it, you can imagine what they will do with it now without the team. Weta sure isn't re-buying it because they already have it. It's been literally a 1.6B gift to Peter Jackson?
These 265 are just the people worked in the "professional services" part of the business and were doing actual VFX stuff for Wētā FX and not on the tooling part.
Edit: I was wrong, 275 was the entire workforce of Weta Digital when Unity acquired it back in 2021. So yeah.. it seems they just almost literally burnt $1.6 billion..
Earlier quoted context omitted.
They also acquired 250 people who they are now laying off and Weta is rehiring. Seems like a disaster of a deal by Unity. Weta just got free money for a snapshot of their code.
Unity also got a ton of 3D models and assets, and the well-known Wētā Digital name, but yes it is strange to do this.
Unity bought other things that then they just proceeded to close a bit after. Perhaps it was just a strategy to inflate their shares. See for example ArtEngine, which I loved and they just killed after acquiring it. Now I’m so afraid for Parsec.