Investor Relations

LOS ANGELES, CA – September 19, 2023 – Two major players in the entertainment industry have made an exciting announcement today: Digital Domain, renowned for its iconic visual effects for industry titans, is delighted to introduce a first-of-its-kind co-brand partnership with PRG (Production Resource Group), the global leader in entertainment and live event solutions. Together, they will provide their extensive network and beyond with an unprecedented all-in-one solution for high-end visual effects, holograms, virtual production, and content creation services.

As the film and television industries embrace innovative storytelling methodologies, this partnership arrives at a pivotal juncture, poised to meet the surging demand for cost-effective sustainable solutions that do not sacrifice quality. Through the specialized expertise of both parties, Digital Domain and PRG are now able to offer seamless end-to-end service covering ideation to execution, all under one roof.

Lala Gavgavian, President and COO of Digital Domain, expressed her enthusiasm for the partnership, stating, “Our co-branding partnership has a clear objective: to retain and expand market share, foster innovative trends, and explore pioneering technologies that redefine the art of storytelling, all while delivering significant cost savings without compromising quality to our mutual clients.”

Todd M. Hoddick, President, Entertainment of PRG, shared, “Through our partnership with Digital Domain, virtual production redefines creative boundaries. It empowers brands in cost-conscious markets and studios catering to diverse consumer preferences.” Jeroen Hallaert, Vice President, Production Services of PRG, added, “This innovation streamlines workflows, reshaping collaboration dynamics and enabling real-time creative refinement, from ‘prep’ to ‘post’.”

This partnership enables clients to shape their vision from inception while also granting access to Digital Domain and PRG’s highly-skilled talent pool, leveling the playing field for smaller teams to participate in ambitious projects. PRG’s Enhanced Environments™ and simulcam services allow creatives to plan shots and immerse themselves in the virtual world without the need to ever go on location. This fosters a more dynamic and inclusive creative landscape industry-wide.

Digital Domain boasts an impressive portfolio of VFX work, collaborating with industry giants such as Disney/Marvel, Warner Bros./Discovery, Sony Pictures, Universal, Netflix, HBO, Amazon Studios, and many others. Meanwhile, PRG has been instrumental in providing the essential technological and infrastructural support to realize iconic scenes from productions like ‘Ahsoka,’ ‘Joker,’ ‘The Mandalorian,’ ‘Law & Order,’ and more.

About Digital Domain:

Digital Domain creates genre-defining experiences that create, inspire, and entertain. Over the last three decades, the studio has established itself as a film visual effects industry leader, expanding to encompass episodes, commercials, and game cinematics while embracing previsualization and virtual production. Digital Domain has also become a pioneer in digital humans and virtual reality, adding to a rich legacy of hundreds of blockbuster feature films for every major studio, thousands of commercials, music videos, game cinematics, and digital content by world-renowned directors and brands.

With a talented team of artists, technologists, and innovators, Digital Domain has been pushing the boundaries of what’s possible in digital entertainment and beyond since 1993, earning the studio numerous awards and accolades, including multiple Academy Awards for visual effects for blockbusters, including Titanic, What Dreams May Come, The Curious Case of Benjamin Button; awards and nominations for several Marvel Cinematic Universe titles that have crushed all-time records at box offices worldwide. Digital Domain has also won and received VES Awards, Clios, BAFTA, and Cannes Lions nominations.

As the first independent visual effects studio to successfully enter Greater China, Digital Domain is committed to delivering the highest quality creative solutions to its creative partners and is constantly exploring new ways to innovate and expand its capabilities to further pave the way towards the virtual race, leaning into artificial intelligence and machine learning technologies to create photorealistic and emotionally expressive autonomous virtual humans. It has locations in Los Angeles, Vancouver, Montreal, Beijing, Shanghai, Hong Kong, Taipei, and Hyderabad. Digital Domain Holdings Limited is listed on the Hong Kong Stock Exchange (stock code: 547).

Digital Domain: www.digitaldomain.com

About PRG:

Production Resource Group (PRG) realizes the ideas and vision of creators, producers, designers, performers, and business leaders, working in every form of entertainment and experience. It is the leading solutions provider in the production space, leveraging deep expertise and unsurpassed technology to power events of every scale and, with 62 offices in 28 countries, deliver in every corner of the globe. Capabilities span broadcasting, camera, audio, video, lighting, rigging, scenic and automation, digital services, virtual production, and labor. With over 250 patents and trademarks, PRG innovations have won awards and transformed the entertainment industry. For more information, please visit https://www.prg.com/.

The studio wrangles facial mocap performances into its proprietary suite of AI tools to tackle one of Marvel Studios’ most unique villains, a 5-foot-tall flying face, in ‘Ant-Man and The Wasp: Quantumania.’

With the arrival of Marvel Studios’ Ant-Man and The Wasp: Quantumania and the introduction of Phase Five, the MCU unveiled one of its most unusual villain yet with M.O.D.O.K., a five-foot-tall flying face, brought to life by award-winning VFX studio Digital Domain.

To read the full article click here: https://www.awn.com/vfxworld/digital-domain-leaps-ahead-ai-modok-cg-creation

Hong Kong – April 21, 2023 – Digital Domain Holdings Limited (“Digital Domain” or the Group, stock code: 547.HK) announced yesterday that the Group entered into a subscription agreement for 646,430,000 shares with Mr. Chen Li-Pai, the Founder and Chairman of ADATA Technology Co., Ltd. (stock code: 3260.TWO). The net proceeds from issued subscription shares will be approximately HK$143 million, which are mainly intended to apply towards technological exploration related to artificial intelligence, as well as scale its commercialized expansion of visual humans, visual effects and visualization.

Digital Domain is the pioneer of creating transportive experiences. A creative force in cutting-edge technologies, the Group has brought exceptional artistry to Academy Award-winning blockbusters, include “Titanic”, “What Dreams May Come” and “The Curious Case of Benjamin Button”. To recreate emotions for photorealistic virtual characters, such as “Thanos” from “Avengers” franchise and more automatous digital humans beyond the screen, Digital Domain turns to a powerful advance: Deep learning. Utilizing virtual humans technology, Digital Domain has staged Virtual Human Teresa Teng a surprise comeback at 2023 BRTV Spring Festival Gala – all in real time.

Recently, Digital Domain announced annual results for 2022. In last fiscal year, the Group has secured a revenue of HK$959 million, compared to HK$864 million or 11% increase from the same period in 2021, breaking the highest record since its establishment in 1993 driven by laser focus on visual effects and virtual humans business sectors.

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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.