Sir Peter Jackson has sold the special effects studio behind Lord of the Rings, Avatar and Game of Thrones for more than $1.6bn (£1.18bn).
The Weta Digital studio based in New Zealand has been sold to a US video game company called Unity Software.
Unity Software further revealed that the technology behind Weta’s work will now be used to “shape the future of the metaverse”.
“We are thrilled to democratise these industry-leading tools,” said John Riccitello, chief executive of Unity Software.
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