George Lucas has Industrial Light + Magic, Peter Jackson has Weta, and now Michael Bay has Digital Domain. Bay and private investment firm Wyndcrest Holdings, in which Bay is a principal, are set to announce today the acquisition of the 13-year-old visual effects studio. Bay and fellow Wyndcrest principal John Textor spearheaded the acquisition. Financial terms of the deal were not disclosed. Bay broke the news to Digital Domain's 475 artists Monday at a companywide meeting at the Venice, Calif.-based studio.
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