One of the UK’s largest movie technology businesses has been valued at more than $2bn following Abu Dhabi-backed fundraising that will allow the group to develop new AI tools to create films and games. London-headquartered DNEG Group, which has worked on the visual effects in movies including Dune, Oppenheimer, Interstellar and Blade Runner 2049, has raised about $200mn from United Al Saqer Group, an Abu Dhabi investor backed by a member of the emirate’s royal family.
creating the next generation of technology tools that could be used by high end content creators,” said Namit Malhotra, DNEG chair and chief executive. DNEG is now working on films including Animal Friends alongside Legendary Entertainment, starring Ryan Reynolds, and The Angry Birds Movie 3. It is also producing an adaptation of Indian epic the Ramayana for global audiences. The deal also shows the movie industry ambitions of Abu Dhabi, which also helped fund the £1.