Digital Domain acquires virtual reality company Immersive Media
Why Digital Domain Holdings is Betting On VR with A Big Investment in IMV
Upstream Partners has helped its client, Immersive Media, realize the full value of its intellectual property assets, as Digital Domain Holdings Limited (DDH) completed a strategic investment in the virtual reality and immersive content sector by taking a majority stake in the Canadian VR tech firm. Upstream had advised the company for over a year to position its catalog of IP assets, which initially raised $6 million, then within fifteen months was acquired for approximately well over 30 times revenue, with the lion’s share of value being attributed to its intellectual property.
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