Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On October 17, 2012, John M. Nichols resigned his position as Chief Financial Officer of Digital Domain Media Group, Inc. (the "Company"), effective as of October 12, 2012. On the same date, Jeffrey W. Lunsford resigned his position as a member of the Board of Directors of the Company, effective immediately.

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