Peter Jackson's net worth just skyrocketed. The award-winning director, who is best known for his work on The Lord of the Rings trilogy and the Hobbit trilogy spin-off, has sold the VFX studio, Weta Digital, which was behind the stunning graphics of some of his best works.
Weta Digital now belongs to Unity
The publicly-traded tech giant, Unity, just acquired Weta Digital for $1.65 billion using a mix of stock and cash. Jackson said in a statement released by both companies that the tools created and designed by Weta Digital have allowed him to "bring to life the worlds and creatures that originally lived in our imaginations."
Peter Jackson co-founded Weta Digital alongside Richard Taylor and Jamie Selkirk back in 1993. The initial goal of the company was to produce digital special effects for Heavenly Creatures. In the years since then, the digital visual effects company has won several BAFTAs and Academy Awards. Weta Digital is one of several other companies that Peter Jackson co-owns that are located in Wellington. The others include Weta Productions and Park Road Post Production.