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Corporate News

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(02 Jul 2024, 09:38)

DNEG Group raises $200 million from United Al Saqer Group

The DNEG Group announced today that United Al Saqer Group (UASG) will make a strategic investment of $200 million in the Group, at a total enterprise valuation in excess of $2 billion.

The DNEG Group has a consistent 25-year track record of innovating to lead in the visual effects (VFX) segment and strong profitable growth. Like all parts of the media & entertainment sector, the market in which The DNEG Group operates is undergoing a rapid evolution. The investment by UASG will accelerate The DNEG Group's strategy of innovation and diversification to evolve from a pure visual effects services provider to a sector-agnostic content production and AI-powered technology partner, ensuring continued technology and creative leadership. In particular:

- The DNEG Group will ...

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