Sean Parker takes minority stake in Weta Digital

Financial terms were undisclosed.

Facebook co-founder Sean Parker has invested in Weta Digital and has taken a minority stake in the New Zealand company co-founded by Peter Jackson.

The parties did not reveal financial terms of the transaction. Parker founded Napster when he was 19 and Plaxo at 21. He was a founding president of Facebook and in 2007 co-founded Causes on Facebook, which registered 180million people to donate money and take action around social issues.

Parker was also behind the controversial Screening Room on-demand venture that made waves in Hollywood several years ago before never took off.

Weta Digital is based in Wellington,
See full article at ScreenDaily »

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