Digital Domain Media Group Appoints Raymond DuBois Vice Chairman of the Digital Domain Institute

Former Senior Pentagon Official will also support Military Simulation Initiatives

PORT ST. LUCIE, Fla.--()--Digital Domain Media Group (NYSE: DDMG), a leading digital production company focused on visual effects, original content animation and major studio co-productions, has appointed former senior Pentagon official Raymond DuBois to the position of vice chairman of the Digital Domain Institute (DDI), the company’s for-profit animation and digital arts educational institute established in partnership with The Florida State University College of Motion Picture Arts. In addition, he will serve as the vice chairman of Digital Domain Tactical, the company’s early-stage business division devoted to modeling, simulation and training for the military, law enforcement and intelligence markets. Digital Domain Tactical will rely heavily on its research collaboration with the Digital Domain Institute. He also will continue to provide strategic advice to the Board of Directors.

“Ray has been a strategic advisor to Digital Domain for more than three years, and we are pleased that he has agreed to take on greater responsibilities,” said John Textor, chairman and CEO of Digital Domain Media Group. “His background as a successful executive in the government, in management consulting, in the information technology industry and in the education and training sector is directly applicable to supporting our business strategy. He will play a senior operating support role at DDI, assisting Jon Teaford, the CEO of DDI, and will also work on developing the military simulation business of DDTactical.”

“I am excited to be taking on a more active management role at Digital Domain Media Group and particularly proud to be part of two businesses that can make a meaningful difference in people’s lives,” said Ray DuBois. “DDI trains young adults for real jobs by teaching them marketable skills that are in demand across a number of industries. Developing more realistic simulation training for real-life situations faced by people in vital military, law-enforcement and intelligence roles is critical to improving their success in the field.”

DuBois is a senior adviser at The Center for Strategic and International Studies, where he focuses on international security policy and defense management reform. He served as acting under secretary of the army from February 2005 to February 2006. From October 2002 to May 2005, he was director of administration and management, responsible for all manpower, real estate, and organizational planning for the Office of the Secretary of Defense. Concurrently he was the director of Washington Headquarters Services, where as “mayor of the Pentagon,” he directly managed 2,500 employees and a $1.3-billion budget, the 800-person Pentagon Force Protection Agency, and the $5.5-billion Pentagon Renovation Program. From April 2001 through November 2004, DuBois served as the deputy under secretary of defense for installations and environment, during which time he managed the “Base Realignment and Closure” Program and established policy for the $660-billion worldwide inventory of installations, ranges, housing, utilities, and environmental programs. Prior to that time, he was president of Potomac Strategies International LLC from 1995 to 2000, providing strategic management, marketing, and financial support to companies in the aerospace, electronics, telecommunications, and telemedicine industries. From 1990 to 1995, he worked for the Digital Equipment Corporation as director of strategic plans and policies of the Aerospace, Defense Electronics, and Government Group. He was also worldwide marketing director for the Defense Industries Group. From 1987 to 1990, he was the director of government affairs for the National Education Corporation and concurrently a managing director of its largest subsidiary, Applied Learning International, a leading computer-based training company.

About Digital Domain Institute

The Digital Domain Institute inspires the aspiring – those looking to blaze new trails in digital arts and animation. A subsidiary of Digital Domain Media Group, DDI sets a new standard in digital media education. Through an unprecedented public-private partnership with The Florida State University College of Motion Picture Arts, DDI stands in a class of its own, offering programs that combine creative and technical training with hands-on immersion in a studio environment. Through its Filmmakers in Residence program DDI brings a roster of inspiring filmmakers, fresh from the production of major blockbusters, into the classroom to share new techniques and their own inspiration. ddinstitute.com

About Digital Domain Tactical

Digital Domain Tactical provides state-of-the-art training and education products to the military, law enforcement, medical and intelligence communities. Leveraging the award-winning talents and applications of the entire Digital Domain Media Group team, DDT creates high-fidelity modeling, simulation and gaming products for the training and education of our country’s most challenging professions. Making the scrimmage as hard as the game, DDT ensures that America’s finest succeed, learn, focus, adapt, and succeed again.

About Digital Domain Media Group

Digital Domain Media Group (DDMG: NYSE) leverages its expertise in digital visual effects (VFX) and computer-generated (CG) animation across a group of interrelated businesses. At its foundation is Digital Domain Productions (DDPI), an award-winning digital production company founded in 1993. This leading provider of visuals has contributed to more than 80 major motion pictures, including Titanic, the Transformers series, Real Steel and TRON: Legacy, as well hundreds of commercials. DDPI also converts two-dimensional (2D) imagery to three-dimensional (3D) imagery and holds key patents in this area. Mothership, a DDPI subsidiary, focuses on creating advertising, entertainment and branded content from concept to completion, across multiple media platforms. DDMG, its work and its employees have been recognized with numerous awards, including seven from the Academy of Motion Picture Arts and Sciences. The company is building on its success in VFX to participate as a co-producer in major studio productions and is currently in production on the upcoming live-action sci-fi feature film Ender’s Game. DDMG is also applying its CG expertise to produce original, family-friendly animated feature films at its subsidiary Tradition Studios. The first movie, The Legend of Tembo, is in pre-production and two more features are in development. The company’s education subsidiary, the Digital Domain Institute, sets a new standard in digital media education through a pioneering public-private partnership with The Florida State University College of Motion Picture Arts. DDMG is expanding its worldwide footprint of the highest quality visual effects and animation at the lowest possible cost through global partnerships in India and China. The company has studios in Los Angeles, San Francisco, Florida, Vancouver, Mumbai and London, and is currently establishing a studio in Beijing. http://www.ddmg.co

Raymond DuBois

Raymond DuBois is a senior adviser at CSIS, where he focuses on international security policy and defense management reform. He served as acting under secretary of the army from February 2005 to February 2006. From October 2002 to May 2005, he was director of administration and management, responsible for all manpower, real estate, and organizational planning for the Office of the Secretary of Defense. Concurrently he was the director of Washington Headquarters Services, where as “mayor of the Pentagon,” he directly managed 2,500 employees and a $1.3-billion budget, the 800-person Pentagon Force Protection Agency, and the $5.5-billion Pentagon Renovation Program. From April 2001 through November 2004, DuBois served as the deputy under secretary of defense for installations and environment, during which time he managed the “Base Realignment and Closure” Program and established policy for the $660-billion worldwide inventory of installations, ranges, housing, utilities, and environmental programs.

Mr. DuBois was president of Potomac Strategies International LLC from 1995 to 2000, providing strategic management, marketing, and financial support to companies in the aerospace, electronics, telecommunications, and telemedicine industries. From 1990 to 1995, he worked for the Digital Equipment Corporation as director of strategic plans and policies of the Aerospace, Defense Electronics, and Government Group. He was also worldwide marketing director for the Defense Industries Group. From 1987 to 1990, he was the director of government affairs for the National Education Corporation and concurrently a managing director of its largest subsidiary, Applied Learning International, a leading computer-based training company. He served in the U.S. Army from 1967 to 1969, including nearly 13 months in Vietnam as a combat intelligence operations sergeant, where he received the Army Commendation Medal. He is the recipient of the Department of Defense Medal for Distinguished Public Service, the Army Civilian Distinguished Public Service Award (twice), the Navy Distinguished Public Service Award, the Air Force Decoration for Exceptional Civilian Service, and the Army Commander’s Award for Public Service. Mr. DuBois served as a member of the Defense Health Board and its NCR BRAC Health Systems Advisory Committee from 2006 to 2009. He also served as a member of the Bipartisan Policy Center’s Commission on Stabilizing Fragile States. Mr. DuBois received a B.A. degree from Princeton University.

Contacts

Digital Domain Media Group
Investors:
Shannon Burns, 772-345-8105
Vice President, Investor Relations
sburns@media.d2.com
or
Media:
Julie Miller, 310-664-3412
Director, Communications & Marketing, Digital Domain
jmiller@d2.com

Release Summary

Digital Domain Media Group Appoints Raymond DuBois Vice Chairman of the Digital Domain Institute Former Senior Pentagon Official will also support Military Simulation Initiatives

Contacts

Digital Domain Media Group
Investors:
Shannon Burns, 772-345-8105
Vice President, Investor Relations
sburns@media.d2.com
or
Media:
Julie Miller, 310-664-3412
Director, Communications & Marketing, Digital Domain
jmiller@d2.com