‘Ron’s Gone Wrong’ Animator DNEG Going Public

DNEG, the British animation company responsible for Disney/20th Century Studios’ theatrical release Ron’s Gone Wrong, is going public through a SPAC (special purpose acquisition company) deal with publicly traded Sports Ventures Acquisition Corp.

Upon closing of the transaction, which claims a $1.7 billion enterprise value, the combined company will be named DNEG, and it is expected that its common stock shares will be listed on the Nasdaq.  The combined company will be led by Namit Malhotra, DNEG’s chairman and CEO.

“This transaction creates long-term stability for our teams while also allowing us to exploit the tailwinds in the media and entertainment industry and the explosion in demand for content, which are huge growth drivers for our company,” Malhotra said in a statement.

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Following the release of its first animated feature, Ron’s Gone Wrong, which is now streaming on Disney+ and HBO Max, DNEG Animation’s latest animated adaptation involves comic strip character Garfield, the lasagna-eating feline.

The movie is written by David Reynolds (Finding Nemo), with Mark Dindal (Chicken LittleThe Emperor’s New Groove) directing, and with the Garfield character voiced by Chris Pratt (Guardians of the GalaxyJurassic World). The animated feature will be distributed by Sony Pictures.

DNEG has won six Academy Awards for Best Visual Effects and numerous BAFTA and Primetime EMMY Awards for its VFX work. Current and upcoming DNEG projects on behalf of its Hollywood and global studio and production company partners, include Uncharted (February 2022), Death on the Nile (February 2022), Moonfall (February 2022), Borderlands (2022), Stranger Things 4 (2022), Aquaman and the Lost Kingdom (2022), Knives Out 2 (2022), The Last of Us (2022), The Flash (2022) and Shazam! Fury of the Gods (2023).