18 January 2013 11:28 PM, PST | GeekNation.com | See recent GeekNation news »

A visual effects studio that once planned to compete with the rest of Hollywood by using college students paying them tuition to work on films, is already facing bankruptcy. But now it has the ire of Florida state officials who are demanding they get the $20 million they invested in the company to move to the state back. But the chances of seeing a return of that money? Not so good. Gov. Rick Scott has directed the state's Department of Economic Opportunity to spend up to $500,000 to hire lawyers to represent the state in bankruptcy court. That court will determine what to do with what's left of Digital Domain, a one-time prominent special effects studio founded by director James Cameron that, among other things, produced all the special effects for the blockbuster "Titanic." The »

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