EQUITY INVESTMENTS

12 Months Ended

Dec. 31, 2011

EQUITY INVESTMENTS

EQUITY INVESTMENTS

11. EQUITY INVESTMENTS

        On February 15, 2012, the Company had entered into a binding co-production agreement which is effective as of April 18, 2011, with Oddlot Entertainment for financing and VFX services of the film Ender's Game. Under the terms of the agreement, the Company is to provide $17.2 million in funding and has received participation rights of 37.5%, with additional royalties available based off the success of the film. At December 31, 2011 and 2010, DDMG's investment in the co-production totaled approximately $2.2 million and $nil million, respectively, and is recorded as an equity investment on DDMG's consolidated balance sheets.

        Additionally, under the terms of the agreement, Digital Domain Productions will provide VFX services for the film totaling $27.0 million. The Company's operating revenues for the years ended December 31, 2011, 2010 and 2009 include approximately $nil million, $nil million and $nil million, respectively, related to such services. There were no net receivables at December 31, 2011 and 2010, respectively, for these services on The Company's consolidated balance sheets.

        Equity investments in feature films as of December 31, 2011 and 2010 are summarized as follows (in thousands):

	December 31,
	2011		2010
In Production:
Film investment A	$	2,205	$	—
Total Equity Investments	$	2,205	$	—