The curators behind the Tupac hologram that appeared at Coachella this year have filed for bankruptcy. Digital Domain Media Group, who names Academy Award-winning director James Cameron as one of its founders, suspended trading on its shares yesterday and filed for Chapter 11 bankruptcy protection. Having only commenced trading as a public limited company back in November 2011 with a floated share price of $9.20, Digital Domain accumulated debts of $214 million and its share price plummeted to just $0.55.
CNN Money reports that the company had initially expected lucrative contracts off the back of the Tupac hologram appearance, as well as working on several high-budget Hollywood productions such as Pirates of the Caribbean, Titanic, and the Transformers series. But their accumulated debts have proven to be the cause of their demise.