Unity software is scuttling Peter Jackson's Weta FX visual effects company, which will lead to an estimated 265 jobs being eliminated.

A leading software company in the video game and special effects market announced quarterly results Tuesday after market close. The company also announced the acquisition of a visual effects ...

Unity also showed off a visual effects graph for intuitively creating new VFX, which they demonstrated via a three-minute demo about exploring a derelict spaceship.

Unity purchases Weta Digital’s visual-effects tool suite for $1.6 billion Major deal continues the slow merging of movie-creation and game-creation tools.