Digital Domain Plans Florida Facility

New shop to focus on producing animated movies, videogames.

Digital Domain, the Venice-based visual effects house partly owned by director Michael Bay, announced today that it will develop a digital production studio in Florida. 

Best known for creating digital effects for movies such as "Transformers" and "Titanic," Digital Domain will focus on producing animated movies and videogames at the new facility.

The Florida studio is being financed with a $50 million investment by Wyndcrest Holdings, a Florida-based technology investor whose principals acquired Digital Domain in 2006.

Read more in the Los Angeles Times.