Investor Relations

Digital Domain Holdings Limited Joins Mastercard OFF CAMERA – International Festival of Independent Cinema and Main Sponsor Mastercard in Screening Films from the World’s Top Up-and-Coming Indie Filmmakers

Hong Kong – April 20, 2023 – Today, Digital Domain Holdings Limited (DDHL), a Hong Kong listed visual effects and virtual human technology company, announces that it will serve as a show sponsor for the 16th annual Mastercard OFF CAMERA International Festival of Independent Cinema. Created to help highlight some of the best local independent films and filmmakers and from around the world, the festival will be held in Krakow, Poland, on April 28 – May 7.

The Mastercard OFF CAMERA Festival will screen nearly 400 films over ten days, featuring several jury events headlined by the “Making Way” main dramatic competition. An international jury will review a selection of 10 films from some of the top indie filmmakers in the world, and the winner will receive the prestigious Andrzej Wajda Krakow Film Award. A second competition will highlight and honor the best films from Poland over the last year. American Indies – dedicated to daring, uncompromising and fascinating American cinema and Best of Fests – showcasing interesting productions awarded at international film festivals, that the Polish audience will have an opportunity to see on the silver screen, often for the first time.

“The global landscape has vibrant visual effects and games production industry with several universities producing a steady flow of well-qualified talent,” said Szymon Miszczak, Mastercard OFF CAMERA Director. “We are delighted to welcome Digital Domain, a major global player in the visual effects space, to have access to a highly professional and competitive labor pool in the European region.”

DDHL notably consists of Oscar-winning visual effects studio Digital Domain, one of the world’s premier pre and post-production work providers, making the sponsorship with the Mastercard OFF CAMERA a Festival a natural fit. The VFX studio’s recent work includes projects created for an international audience, including the upcoming Warner Bros. blockbuster Blue Beetle, Marvel Studios’ episodic series Secret Invasion, Amazon Prime Video’s Citadel, and more.

Along with offices in the United States, Canada, China, and India, DDHL continues to expand its presence in Europe following the creation of its fully-owned subsidiary, Digital Domain Capital Partners, in Luxembourg. DDHL has also made strategic investments in several European media and e-commerce companies, including securing minority ownership stakes in Highlight Event & Entertainment AG, the parent company of Germany’s Constantin Film, one of Europe’s most successful film production and distribution companies, and a frequent contributor to Polish cinema. The money for DDHL’s Mastercard OFF CAMERA Festival sponsorship will be provided entirely by proceeds generated from its European operations and partnerships.

“The European film industry has some of the best and most imaginative visual effects and gaming content creators in the world, and many of them are just waiting for an opportunity to show what they can do,” said Daniel Seah, CEO of DDHL. “Our sponsorship in the Mastercard Off Camera Film Festival is both a commitment to expand our presence in Europe and a way for us to support some of the world’s most talented up-and-coming storytellers and content creators.”

About Digital Domain Holdings Limited

Digital Domain Holdings Limited (“Digital Domain”) is the pioneer of creating transportive experiences. Throughout the last 30 years, Digital Domain has grown to lead the visual effects industry, expanding the arm of virtual humans and visualization globally. Digital Domain’s rich legacy consists of hundreds of feature films and episodes, thousands of advertising, game cinematics, and immersive experimental experiences. A creative force in cutting-edge technologies, Digital Domain, has brought exceptional artistry to Academy Award-winning blockbusters of Titanic, What Dreams May Come, and The Curious Case of Benjamin Button, Marvel Cinematic Universe titles crushed all-time worldwide box office, such as the Avengers franchise, and Stranger Things made a splash with Season IV.

As the first independent visual effects studio to successfully enter Greater China, Digital Domain has further paved the way towards virtual race since 2016. Leaning into artificial intelligence technologies and virtual reality allows Digital Domain to create photorealistic and emotionally expressive virtual humans, all in real-time, and provides an advanced medium for human-computer and human-human interactions in diverse virtual scenarios.

Digital Domain Holdings Limited is listed on the Hong Kong Stock Exchange (Stock code: 547). Digital Domain has ten locations, including Los Angeles, Vancouver, Montreal, Beijing, Shanghai, and Hyderabad.

Digital Domain Official Website – WWW.DIGITALDOMAIN.COM

Mastercard OFF CAMERA – International Festival of Independent Cinema

The 16th edition of the Mastercard OFF CAMERA International Festival of Independent Cinema is upon us. Throughout the years, the Festival has undergone changes and continued to evolve. From the outset, however, it has always provided information and commentary on the present state of the world. Addressing important current topics, the Festival has dared to go against the grain. It thus became one of the most recognizable events of this type in Central Europe.

Over the years, two competitions have remained the core of the Festival program: the Main Dramatic Competition “Making Way” and the Polish Feature Film Competition. The first of the two sections is a showcase of ten directing debuts and second films from all over the world competing for the Andrzej Wajda Krakow Film Award of USD 25,000. In the Polish Feature Film Competition ten most interesting Polish titles have a chance to win the Dominika Kulczyk & dFlights Award of PLN 100,000. Other awards include those for Best Actress, Best Actor and Mastercard Rising Star for acting debut. The winners are selected by members of two juries comprised of outstanding international filmmakers and experts.

Digital Domain Reports 2022 Results: Turns to Positive EBITDA of Media Entertainment Business Segment Driven by Record Revenue in 30 Years of the Business and Laser Focus on Core VFX business

March 31, 2023, Hong Kong – Los Angeles, — Digital Domain Holdings Limited (“Digital Domain” or the “Group”), Hong Kong listed visual effects (“VFX”) and virtual human technology company, reports full year results for 2022 that reflect the Group’s largely completed reorganization plan aimed to refocus its business on providing the highest quality VFX services to the world’s leading content producers (mostly Hollywood studios and global game publishers).

In 2022, the Group has recorded a revenue of HK$959 million (US$123 million), compared to HK$864 million (US$111 million) or 11% increase from the same period in 2021 – this is the all-time highest revenue in the 30 years of the Group’s operations.

Following Digital Domain’s refined focus on VFX services, closure of loss-making activities, combined with achieving over HK$780 million (US$100 million) in sustainable revenue scale of the business and significant investment in high-quality or lower-cost production hubs in Canada and India, the Group has transformed itself into a firmly profitable operation with a gross margin of 23% in 2022 compared to 14% in 2021 and 11% in 2020. This systemic change in the profitability of Digital Domain led to the Group reporting positive EBITDA of Media Entertainment Business Segment for first the time since 2014; in 2022, Digital Domain generated positive HK$6.15 million (US$0.8 million) EBITDA of Media Entertainment Business Segment versus the negative HK$304.7 million (US$39.2 million) in 2021. On the net basis Digital Domain reporting HK$215 million (US$28 million) net loss in 2022 (a reduction by 72% compared to 2021 net loss of HK$781 million (US$100 million) – those losses largely explained by impairments and write-offs of multiple non-core legacy activities accumulated by Digital Domain over the years before the Group’s focus shifted to building profitable and scalable VFX operations in 2021.

“Our 2022 results evidence successful completion of the Group’s reorganization aimed to build scale and profitability in our core VFX business,” commented Daniel Seah, CEO of Digital Domain. “We intend to preserve focus on profitability and positive operating cash flows and we’ll look for further profitable growth opportunities both in our core VFX business and in the commercial exploitation of our highly relevant technologies for artificial intelligence” added Mr. Seah.

LOS ANGELES, January 26, 2023 — RLJE Films, a business unit of AMC Networks, and Shudder, AMC Networks’ streaming service for horror, thriller and the supernatural, have partnered to acquire the horror film CHILDREN OF THE CORN from writer/director Kurt Wimmer (Ultraviolet). “Children of the Corn”  stars Elena Kampouris (Before I Fall), Kate Moyer (“Station Eleven”), Callan Mulvey (The Gray Man) and Bruce Spence (The Road Warrior). The film will be released in theaters March 3, 2023 and on Demand and Digital March 21, 2023.

“We’re thrilled to work with Kurt Wimmer and bring his vision of this classic Stephen King story to new audiences,” said Mark Ward, Chief Acquisitions Officer of RLJE Films.

In CHILDREN OF THE CORN, possessed by a spirit in a dying cornfield, a twelve-year-old girl in Nebraska recruits the other children in her small town to go on a bloody rampage and kill all the adults and anyone else who opposes her. A bright high schooler who won’t go along with the plan is the town’s only hope of survival.

CHILDREN OF THE CORN, executive produced by award-winning digital production house Digital Domain. Produced by Lucas Foster (Morbius), Doug Barry (FML), and John Baldecchi (Point Break). The film’s digital visual effects were all produced in-house by Digital Domain.

Ward and Besty Rodgers from RLJE Films negotiated the deal with Lucas Foster and Daniel Seah, CEO of Digital Domain, on behalf of the filmmakers.

ABOUT RLJE FILMS

RLJE Films’ recent and upcoming features include Kids Vs. Aliens from co-writer/director Jason Eisener; Christmas With The Campbells from producers Vince Vaughn and Peter Billingsley; and writer/director Tim Sutton’s Taurus, starring Colson Baker and Maddie Hassan and featuring music by Machine Gun Kelly.

ABOUT SHUDDER

AMC Networks’ Shudder is a premium streaming video service, super-serving members with the best selection in genre entertainment, covering horror, thrillers and the supernatural. Shudder’s expanding library of film, TV series, and originals is available on most streaming devices in the US, Canada, the UK, Ireland, Germany, Australia and New Zealand. To experience Shudder commitment-free for 7 days, visit www.shudder.com.

ABOUT AMC NETWORKS

AMC Networks is a global entertainment company known for its popular and critically-acclaimed content. Its portfolio of brands includes AMC, BBC AMERICA (operated through a joint venture with BBC Studios), IFC, SundanceTV, WE tv, IFC Films, and a number of fast-growing streaming services, including the AMC+ premium streaming bundle, Acorn TV, Shudder, Sundance Now and ALLBLK. AMC Studios, the Company’s in-house studio, production and distribution operation, is behind award-winning owned series and franchises, including The Walking Dead, the highest-rated series in cable history. The Company also operates AMC Networks International, its international programming business, and 25/7 Media, its production services business.

About Digital Domain

Digital Domain Holdings Limited (“Digital Domain”) is the pioneer of creating transportive experiences. Throughout the last 30 years, Digital Domain has grown to lead the visual effects industry, expanding globally the arm of virtual humans and visualization. Digital Domain’s rich legacy consists of hundreds of feature films and episodes, thousands of advertisings, game cinematics and experimental immersive experiences. A creative force in cutting-edge technologies, Digital Domain has brought exceptional artistry to Academy Award-winning blockbusters of Titanic, What Dreams May Come and The Curious Case of Benjamin Button, Marvel Cinematic Universe titles crushed all time worldwide box office, such as Avengers franchise, and Stranger Things made a splash with Season IV.

As the first independent visual effects studio to successfully enter Greater China, Digital Domain has further paved the way towards virtual race since 2016. Leaning into technologies of artificial intelligence and virtual reality allows Digital Domain to create photorealistic and emotionally expressive virtual humans, all in real time, as well as provides an advanced medium for human-computer and human-human interactions in diverse virtual scenarios. Digital Domain Holdings Limited is listed on the Hong Kong Stock Exchange (Stock code: 547). Digital Domain has ten locations including Los Angeles, Vancouver, Montreal, Beijing, Shanghai and Hyderabad.

Digital Domain Official Website – WWW.DIGITALDOMAIN.COM

November 8, 2022, Hong Kong, — Digital Domain Holdings Limited (HKG: 547), the Hong Kong listed global market leader in visual effects (“VFX”) and metaverse services and 100% owner of the 30 years old Oscar-winning Digital Domain VFX production business in Los Angeles, announces changes to its Board of Directors.

Mr. Sergey Skaterschikov, the founder and managing director of IndexAtlas AG, resigns from his capacity as the non-executive board member of Digital Domain Holdings Limited. Mr. Skaterschikov was instrumental in arranging re-capitalization of Digital Domain in January 2021 and supported the company through a successful transformation of its North American operations into high growth sustainable business that is on schedule to report its all-time highest revenue in 2022.

Ms. Alla Alenikova, an American national and Swiss-based seasoned banker with vast international experience across Americas and Europe, who also served as the board member of Digital Domain Capital Partners, a Luxembourg-based investment arm of Digital Domain, will join the board of Digital Domain Holdings Limited (HKG: 547) effective on November 9, 2022.

“I would like to thank Mr. Skaterschikov for his service as the board member of Digital Domain Holdings Limited and profound positive impact he made on our company in this capacity over the recent years, and I welcome Ms Alenikova to our board”, commented Mr. Daniel Seah, the Chairman and CEO of Digital Domain Holdings Limited.

LOS ANGELES – September 22, 2022 – Today, legendary visual effects studio Digital Domain,
announces that Lala Gavgavian has been named Global President of Visual Effects Studios,
expanding her current role as chief operating officer. Gavgavian will oversee the company’s
global VFX services, which has seen its revenues double, while netting over 30 major award
nominations/wins in the last five years alone. She succeeds John Fragomeni.

“With streaming, films, advertising, games, and the metaverse, the demand for 3D content has
never been higher,” said Daniel Seah, chairman & CEO of Digital Domain. “For years, Lala has
been meeting this opportunity head on, building out the type of capacity – and talent pool – we
need to stay competitive and essential in our clients’ eyes. With her at the helm, I have no doubt
we’ll maintain these partnerships for years to come.”

An industry vet with over 25 years of experience in VFX for film, episodics and animation,
Gavgavian is no stranger to Digital Domain. Starting as director of human resources, talent
acquisition and development in 2007, she helped build and retain a roster of artists and
supervisors befitting one of the top studios in the world, before stepping into roles as
EVP/general manager, and then later, COO. This time not only saw her overseeing all North
American studio operations, but opening strategic sites in Vancouver, Montreal and Hyderabad.
Gavgavian will be responsible for continued growth and expanding the company’s offerings,
including the ongoing development of proprietary digital human capabilities that can only be
found at Digital Domain.

“Digital Domain is brimming with talent and possibilities, which is why our board has always set
such ambitious goals for its executives,” said Elizabeth Daley, Ph.D., dean of the USC School of
Cinematic Arts and board member at Digital Domain. “Lala has been a critical partner to the
board and I’ve always been impressed with her ability to hit lofty objectives and nurture talent
along the way. It’s this blend of persistence and patience that make her such a valuable leader.”
Gavgavian’s promotion follows several years of achievements, capped off by a historic 2021
that saw a VES Award win, a pair of Oscars nods (20th Century Studio’s Free Guy and Marvel
Studios and Sony Pictures’ Spider-Man: No Way Home), a recent Emmy nomination (Netflix’s
Stranger Things 4) and a handful of other awards.

Along with recognition in the fields Digital Domain has spent 30 years perfecting, it was also
recently recognized for raising the bar on video game character animation; debuting the most
advanced autonomous human in the world; and launching their Charlatan face-swapping
software, as part of the global fight against malaria.

“I’m honored Daniel and the Board have entrusted me with this opportunity to lead Digital
Domain, both as COO and president during this momentous time of expansion for the
company,” said Gavgavian. “In the last few years, our studio has experienced tremendous
growth and achieved beautiful, groundbreaking visuals. We are booked solid across film,
episodics, games and more and I am very proud to continue that journey and champion our
best-in-class talent across our global footprint.