Weta Digital, a privately owned New Zealand-based company founded in 1993, provides broadcast professional services specializing in animation and visual effects (VFX). Employing approximately 620 people, the company's work encompasses a range of visual effects and animation for film and television productions.
Weta FX reported a net loss exceeding $60 million in its latest annual report, following a $82 million loss in 2024. Despite this, the company increased revenue and narrowed its full-year loss. On an unspecified date, Weta FX announced plans to cut approximately 100 jobs, primarily in support departments based in Wellington. The company cited various factors contributing to this decision, including project delays, the lingering effects of the pandemic, strikes, and global entertainment industry challenges. Weta FX's work on *The Last of Us* Season 2 involved extensive visual effects, including weather control, crowd simulations, and creature animation. The potential job cuts prompted concerns within the visual effects industry about the need for increased tax breaks to prevent New Zealand from losing skilled workers and major opportunities.
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Weta Digital offers products in the media tech industry. Weta Digital's product portfolio comprises of media managed services.
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