Weta Digital, the effects studio owned by Lord of the Rings director Peter Jackson and screenwriter Fran Walsh, is expanding. The New Zealand-based company has launched a new animation studio, and it will make original content for the first time in the outfit's quarter-century history.
Prem Akkaraju has been named the CEO of Weta Animated. He is the co-founder of SR Labs with entrepreneur Sean Parker, who himself is a member of Weta Digital's board of directors and an investor in the company.
Weta Animated will make original animated content for cinema and streaming, Weta said in a press release announcing the venture. Jackson and Walsh will write, produce, and direct "several" of the new animated projects at Weta Animated.
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