The DNEG Group, a London-headquartered leader in visual entertainment technology, announced a significant $200 million strategic investment from United Al Saqer Group (UASG), valuing the enterprise at over $2 billion. The capital influx will enable DNEG to accelerate its innovation and diversification strategies, primarily focusing on their AI-powered CGI creator unit, Brahma, and expand content creation through Prime Focus Studios. Additionally, DNEG will establish a new visual experience hub in Abu Dhabi, anticipated to generate substantial job growth in the region. This deal marks a significant step in UAE’s efforts to bolster its media and entertainment sector, positioning Abu Dhabi as a global center for technological and creative advancements.
Media & Entertainment, Technology,United Kingdom, United Arab Emirates
https://www.zawya.com/en/press-release/companies-news/dneg-group-raises-200mln-to-accelerate-innovation-and-creative-leadership-in-visual-entertainment-technology-ca4uwedq