Visual effects creator Digital Domain Media Group Inc. on Monday won bankruptcy court approval of the $30.2 million sale of its assets to a team set up by Beijing Galloping Horse Film Co. and Reliance MediaWorks Ltd, the Wall Street Journal reported yesterday. The specific assets to be sold include Digital Domain's visual effects business, commercial production business and the virtual performance business that "reanimated" an image of the deceased rapper Tupac Shakur at the Coachella music festival earlier this year. The buyers will also get Digital Domain's studios in California and Vancouver as well as a co-production stake in the film "Ender's Game," a science fiction movie that is due out next year. Bankruptcy Judge Brendan L. Shannon said that he would sign off on the sale, which more than doubled the starting offer of $15 million from investment firm Searchlight Capital. But he expressed "regret" at the aggressive two-week timetable set for Digital Domain's chapter 11 case.
