NYSE to Delist Digital Domain Media (DDMG) after BK

The NYSE has determined to commence proceedings to delist the common stock of Digital Domain Media Group, Inc. (NYSE: DDMG). Trading in the Company’s common stock will be suspended immediately.

NYSE Regulation has determined that the Company is no longer suitable for listing. Pursuant to Listed Company Manual Section 802.01D, this decision was reached in view of the Company’s September 11, 2012 announcement that it filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in Wilmington and is also seeking ancillary relief in Canada, pursuant to the Companies’ Creditors Arrangement Act in the Supreme Court of British Columbia, Vancouver Registry. NYSE Regulation noted the uncertainty as to the timing and outcome of the bankruptcy process, as well as the ultimate effect of this process on the Company’s common stockholders.

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