The Producers Guild of America has selected Peter Jackson, visual effects artist Joe Letteri and Weta Digital as the recipients of its 2014 Vanguard Award.

The award will be presented at the 25th Annual Producers Guild Awards ceremony on Jan. 19 at the Beverly Hilton Hotel.

Jackson and Letteri‘s Weta Digital has created effects for “The Hobbit: An Unexpected Journey,” The “Lord of the Rings” trilogy, “Avatar” and “King Kong.”

The Vanguard Award recognizes achievements in new media and technology. Previous recipients include James Cameron, Stan Lee, George Lucas, John Lasseter, YouTube founders Chad Hurley and Steve Chen, game designer Will Wright and RealD’s Michael V. Lewis and Joshua Greer.

“Visual effects are a great tool to inspire the audience’s imagination and encourage them to take that extra step into the story,” Jackson said.

“Peter Jackson and Joe Letteri have created some of the most epic visionary fantasies in the history of filmmaking,” said PGA Awards Co-Chairs Lori McCreary and Michael De Luca. “Through the development of groundbreaking technology and software, Weta Digital has redefined the possibilities for producers to create living, breathing worlds to house even their most fantastic stories.”

Jackson won three Oscars directing, writing and producing for “The Lord of the Rings: The Return of the King.” Letteri has won four visual effects Oscars for “Avatar,” “King Kong” and the second and third “Lord of the Rings.”

Weta Digital launched in 1993 with Jackson’s film “Heavenly Creatures” and is based in Wellington, New Zealand. It’s also provided visual effects on “The Avengers,” “Rise of the Planet of the Apes,” “Iron Man 3” and “Man of Steel.”