Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
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Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#2It sounds like Weta FX sold their tooling (Weta Digital) but kept a license to the technology and is able to continue using and developing it, is that right?
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#3It sounds like Weta FX sold their tooling (Weta Digital) but kept a license to the technology and is able to continue using and developing it, is that right?
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.
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#4Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#5Dupe - https://news.ycombinator.com/item?id=38453405
The fxguide article is the more interesting of the two, as it includes further updates and clarifications from Weta.
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#6It sounds like Weta FX sold their tooling (Weta Digital) but kept a license to the technology and is able to continue using and developing it, is that right?
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?
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#7> This seems to be a reaction to Unity’s share price
...as are other highly questionable decisions by tech companies lately.
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#8It sounds like Weta FX sold their tooling (Weta Digital) but kept a license to the technology and is able to continue using and developing it, is that right?
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.
Mindless Billions Anywhere at work..
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#9It sounds like Weta FX sold their tooling (Weta Digital) but kept a license to the technology and is able to continue using and developing it, is that right?
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.
Re: Unity Software with a 'company reset' walks away from film VFX and the Wētā Deal
#10So 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?