Expanding into Florida.

A news article from today.

Digital Domain Expands Into Florida

--Plans to Develop Original Content for Games and Animated Productions--

Venice, CA - October 13, 2009 - Following the recent announcement of its new visual effects studio in Vancouver, BC, Academy Award-winning digital studio Digital Domain announced today that it is expanding its business with plans to develop a digital production studio in Florida.

Digital Domain is working with parent company Wyndcrest Holdings to build a new digital production studio in Port St. Lucie, Florida. The new studio will create original content for animated feature films and video games. Plans are in the early stages, and Digital Domain expects to begin operations in Florida next year. Initial operations include building a creative development team as well as training and recruiting artist and production staff for animation and video game development.

The new studio project is being financed with a $50 million investment by Wyndcrest. The project is also receiving support in the form of a grant from the state of Florida's Office of Tourism, Trade and Economic Development and an incentives package administered by the city of Port St. Lucie and St. Lucie County.

Digital Domain CEO Cliff Plumer said, 'Developing original content has always been a key part of our strategy, and a natural extension of the artistic and creative talent that the company has developed over the last fifteen years. We have identified a set of promising projects that are ideally suited to the Florida studio and look forward to getting started.'

Digital Domain will announce specific projects and the leadership team for the Florida studio at a later date.

John Textor, Chairman and CEO of Wyndcrest, added, 'Digital Domain brings our studio a great breadth and depth of experience in filmmaking. Cliff and his team have experience building studios all over the world and we welcome them to Florida.'

There's more to read over on Variety.