Former Digital Domain eyes exclusivity extension to liquidate assets

By Caroline Salls

Pittsburgh, Jan. 9 - DDMG Estate is seeking an extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive filing period through April 9 from Jan. 9 and the solicitation period through June 3 from March 5.

According to the motion, DDMG has been reduced to a liquidating shell company and intends to wind down its remaining affairs as quickly as possible.

The company said the requested extension will allow it to finalize the liquidation of its remaining non-litigation assets.

A hearing is scheduled for Feb. 7.

DDMG was formerly Digital Domain Media Group, Inc., a Port St. Lucie, Fla.-based media company that filed for bankruptcy on Sept. 11. The Chapter 11 case number is 12-12568.

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