Unity has announced that it’s entered a definitive agreement to acquire Peter Jackson’s visual effects company Weta Digital for $1.6 billion.

Weta Digital has worked on hit films including Lord of the Rings, Avatar, Wonder Woman, and Black Widow. Unity says its acquisition will “democratise” Weta’s powerful tools to make them available for more creators.

“Weta Digital’s pipeline represents the most complete toolchain for 3D creation, simulation, and...