NanoTech Entertainment (NTEK) Acquires 4K Studios
Sep 30, 2013 (Close-Up Media via COMTEX) --
NanoTech Entertainment announced the acquisition of a video production facility in San Francisco California, 4K Studios.
4K Studios will be focused on the creation of original content shot and mastered in 4K Ultra Hi-Definition as well as the conversion of existing media into 4K digital content. The Studio operation will be overseen by NanoTech's LX Rudis.
In a release, the company noted that 4K Studios is being equipped with the resources required to be a world class production facility including multiple 4K UltraHD Movie Scanners, 4K Digital Cameras and multiple editing bays capable of production meeting the criteria for the next generation of videos. Rudis added, "We are very excited in the proprietary processes that have been developed and are now owned by 4K Studios that will make our 4K UltraHD content the best that consumers will be offered. Not only do we have the ability to take 35mm movies and create stunning 4K digital content from them, we have several original content projects scheduled using direct to digital recording for optimal quality. We can even take content that was previously mastered in 4K and improve it."
NanoTech CEO Jeffrey A. Foley noted, "The Future of Television includes 4K UltraHD in a big way. Unlike 3D which never really gained traction in the market, 4K has no physical or hardware limitations for global adoption. We feel that in order for us to continue to be a leader in the 4K market we need to be able to provide content as well hardware and services." Construction of the South of Market facility is scheduled to be completed on September 30. Foley continued, "San Francisco has a great talent pool in the Media space, and we already have some highly skilled staff joining the 4K Studios team. This is a significant investment of cash and stock for us to create this studio, however we believe that it will provide a substantial return on our investment in a matter of months, not years, as we already have several customers lined up with multiple projects queued for production."
4K Studios will work with content owners to provide 4K UltraHD conversions of their content as well as the ability to reach consumers with their content through the upcoming NanoFlix UHD streaming 4K UltraHD channel. NanoTech Director Ted Campbell closed by stating, "We realize that in order for us to be a market leader in this space, we need to make large investments now. Our plan has this investment paying back in multiples in the next fiscal year and will truly help us in continuing to be a market leader."
NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry.
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