Consortium pacts to take over HDO studio
Visual effects studio Digital Domain (“Titanic,” “The Fifth Element”) has entered into an agreement with a newly formed consortium to acquire and operate HDO, a post-production studio in Oberhausen, Germany.Along with Digital Domain, the consortium is comprised of Kushner-Locke, Capitol Films of the U.K., Israeli financial banking firm DLIN and Israeli post-production facility Gravity. HDO (High Definition Oberhausen), located outside Dusseldorf, is a 100,000 square-foot studio that was built in 1997 to service post-production on feature film visual f/x, television production, television commercial advertising production and interactive media. After the initial purchase of the existing facility from the City of Oberhausen, the consortium will receive German governmental subsidies from the state of North Rhine Westfalia. The consortium may later develop another 180,000 square-feet of land it owns which surrounds the studio.