Digital Domain Media Group Inc. (fka DDMGQ)

[jamesnames]

Sale and Auction info.

http://www.tcpalm.com/news/2012/nov/12/auctions-of-digital-domain-assets-in-port-st-nov/

The sale of Digital Domain Media Group assets including the bankrupt company's interest in the Tradition Studios and "The Legend of Tembo," an animated movie being made there, could come as early as Nov. 28.

According to a notice filed late Friday in U.S. Bankruptcy Court in Wilmington, Del., prospective buyers will be evaluated on, among other things, "the potential for hiring employees or re-employing (Digital Domain's) workforce."

Assets for the sale will be divided into five lots:

Rights to the in-progress films "The Legend of Tembo," "The Art Project," "Birds of a Feather" and "The Lightning Catcher."

Interest in Tradition Studios, the 115,000-square-foot animation studio built by Port St. Lucie and leased to Digital Domain.

Patents for a process to convert two-dimensional images into three dimensions.

Interest in Digital Domain Institute, a for-profit animation school in West Palm Beach run in partnership with Florida State University.

Digital Domain's "remaining fixed assets" in Florida.

Potential bidders are required to submit offer letters by Nov. 26. If more than one offer is received on the lots, auctions will be held. The first will be at 10 a.m. Nov. 28 in New York City, with subsequent auctions "from day to day as necessary."

The sales are scheduled to be finalized at 1 p.m. Dec. 4 by U.S. Bankruptcy Judge Brendan L. Shannon in Wilmington.