Unlock Your Wealthier Future Today
We've been selecting winning stocks for 10 years. Get your investing life on the fast track now with our completely free, high-performing stock.
Unity Acquires Weta Digital For $1.6 Billion
The means behind some of the most iconic CGI property ever developed has been snapped up by Unity in a landmark deal announced yesterday.
Nov. 10, 2021

If you've never heard of Weta Digital, then you've definitely heard of some of the iconic characters, movies, and shows that it's worked on.

Weta's storied portfolio includes Gollum from 'Lord of the Rings', Caesar from the 'Planet of the Apes' reboot, and the 'Game of Thrones' dragons. And now, Weta's tech belongs to Unity (NYSE: U).

Unity is flying high

An awesome acquisition wasn't all the good news yesterday either. Unity's Q3 revenue was up 43% year-over-year, exceeding expectations, and allowing the company to raise full-year guidance to between $1.08 and $1.085 billion. 

But you can find all of that on Unity's Investor Relations page, we want to get back to the dragons. 

Unity announced its $1.6 billion acquisition of visual effects juggernaut Weta Digital at its earnings call last night to much furor, and for good reason. Weta made a name for itself by bringing Tolkien's Middle Earth to life in the 'Lord of the Rings' trilogy back in the early 2000s and has gone on to work with pretty much every major film and CGI-requiring T.V. franchise you can think of -- hence, the 'GOT' dragons. 

Once the acquisition is complete, Unity then intends to make Weta's tools available to millions of creators and artists around the world via its cloud-based platform. In all likelihood, especially with Unity's loyal base of customers, Weta's market-leading digital technology will become integrated with Unity's existing suite of tools. This will make Unity a one-stop-shop for the development of a number of emerging digital products, most notably among them the infamous 'metaverse' concept.

It might fly a tad under the radar in an already packed year of acquisitions, but this could be one of the most exciting developments in new-age digital effects technology. And, with Unity at the forefront, it stands to gain the most. Watch this space. 

Ready to start investing in stocks with huge potential? Check out our list of market-beating companies so you can get on the path to financial freedom. Get free access now.



The Home of Successful Investing.

© 2024 MyWallSt Ltd. All rights reserved.


Services

Content

Social

Company

Support

Resources


This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.