Director Michael Bay, along with private investment firm Wyndcrest Holdings, in which Bay is a principal, is acquiring the 13-year-old visual effects studio Digital Domain. Past work for the studio includes Titanic and Armageddon. With Digital Doman, Bay is already entertaining the thought of “computer-animated family films,” though he specifies that he would rather serve as creative producer of such movies than director. “I’m very interested in producing kid-friendly effects films, and I have always had a love for animation – this could be my way in,” comments Bay. Yahoo! News, thanks to Reuters, has more on this story.