Digital Domain, the award-winning visual effects company behind the blockbuster “Transformers” films and “Tron: Legacy,” is expanding into the Middle East with plans to open a 150,000-square-foot production studio in Abu Dhabi in 2015.
Parent company Digital Domain Media Group, of Port St. Lucie, Fla., said Sunday night that it was partnering with Abu Dhabi government-backed media and entertainment company twofour54 to build a studio that would create English- and Arabic-language animated movies targeted at Middle Eastern audiences, as well as produce visual and 3-D effects. The project also would include a media school run by Digital Domain, similar to one it operates in West Palm Beach, Fla.
The studio will employ more than 500 people and cost more than $50 million to build. The government of Abu Dhabi, the capital city of the United Arab Emirates, will partly subsidize the project.
Abu Dhabi’s twofour54 and the Abu Dhabi Film Commission are launching a production rebate from September 1, marking the first major incentive scheme in the Middle East.
The incentive, in the form of a rebate of up to 30% of qualifying spend in Abu Dhabi, will be available for feature film, TV, documentary, advertising and music video production. ...
Nothing like a fat money enticement to get more movie production into the country.
Now. If Digital Doman can just railroad a bunch of U.A.E. film students into paying for the privilege of working at the soon-to-be facility, they'll be all set.