It's not an acronym but yes. It's hard to believe that an ad company is worth 3x...

shp0ngle · on July 14, 2022

Ah, but they spun off the VFX teams to a separate entity.

> The VFX teams at Weta Digital aren’t included in the deal; instead, they will be part of a standalone entity called WetaFX that will still be majority owned by Jackson

mprovost · on July 14, 2022

Interesting! PJ and his partner still own 60%. And Sean Parker is a director of the company?

https://app.companiesoffice.govt.nz/companies/app/ui/pages/c...

afterburner · on July 14, 2022

Not surprising at all considering VFX studios can so easily go bankrupt.