Digital Domain Holdings (HK:0547) has released an update.
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Digital Domain Holdings Limited has announced the formation of a joint venture company, with Tower Talent and SPLHL Shareholder each holding a 40% stake, and the Management Team Company holding the remaining 20%. This move is aimed at developing and commercializing an AI-driven digital rights library for the film, television, and media industries. The transaction is considered a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from the independent shareholders’ approval.
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