John Textor, who peddled dreams of Tinseltown East in exchange for millions in aid from the state and the strapped-for-cash cities of Port St. Lucie and West Palm Beach, abruptly resigned as CEO of the animation studio Digital Domain this morning.
The palatial special effects production facility off I-95 in Port St. Lucie suddenly shut its doors, causing the lay offs of 200 hired less than a year ago, reports tcpalm.com.
Witnesses said PSL cops were on stand by in the parking lot in case of trouble.
The studio blew the minds of fans at California’s famed Coachella music festival in April with a truer-than-life virtual concert on stage by dead rapper Tupac Shakur (see video below).
The smoke and mirrors, however, didn’t protect Digital Domain from creditors. The company, which bought naming rights to the New York Mets’ spring training stadium nearby, defaulted on a $35 million-loan this week.
When Textor was interviewed Tuesday by Gossip Extra on an unrelated matter – his complaint about two cyberstalkers scaring his family — Textor said the loan situation would be settled by today, partly with cash from Dubai.
The company’s film school downtown West Palm Beach, meanwhile, remains open.
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