How could UTG forget the epic Tupac hologram that was brought back by Snoop Dogg at this year’s Coachella festival. The company (Digital Domain) that produced this life-like figure has now filed for Chapter 11 bankruptcy, in lieu of their enormous spending habits.
The Los Angeles Times declared that Digital Domain sold their Venice, California division for $15 million. Their liabilities reached an astounding $214 million over the total assets of $205 million. This news comes out after the company defaulted on a $35 million loan, which was provided by a group of investors who just laid off a large portion of their employees in Port St. Lucie, Florida.
No more Tupac holograms in the near future.