It's not an acronym but yes. It's hard to believe that an ad company is worth 3x a multiple Academy Award winning VFX studio.
> The VFX teams at Weta Digital aren’t included in the deal; instead, they will be part of a standalone entity called WetaFX that will still be majority owned by Jackson
https://app.companiesoffice.govt.nz/companies/app/ui/pages/c...