Disney Seeks Rights to 3D Technology3 Jan, 2013 By: Erik Gruenwedel
The Walt Disney Co. is looking to retain technology rights from a bankrupt third party, enabling it to convert 2D movies into 3D.
In an appeal filed Jan. 2 in U.S. District Court in Wilmington, Del., Disney contends it has rights “in perpetuity” to the technology auctioned off last month to RealD Inc. by bankrupt Digital Domain Media Group (DDMG) for $5.45 million.
Digital Domain used the technology to create 3D editions of the “Transformers” movie franchise and Titanic, among others. Disney, which claims to have an agreement with DDMG since 2008, used the technology for 3D releases of Alice in Wonderland and G-Force, among others.
In a Dec. 10 ruling U.S. Bankruptcy Court Judge Brendan Shannon ruled Disney did not have the rights in perpetuity.
U.S. District Court Judge Sue Robinson reportedly will hold a telephone hearing Jan. 4 to give Disney a chance to convince her to overturn the bankruptcy court ruling, according to report on Bloomberg.com.