NanoTech Entertainment, a technology company with a diverse portfolio of products spanning five technology business units focused on the entertainment industry, has acquired 4K Studios, a cutting-edge production facility in San Francisco, Calif.
4K Studios will be responsible for the creation of original content 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, who said, “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 …”
4K Studios is being equipped with cutting-edge resources, including multiple 4K UltraHD movie scanners, 4K digital cameras, and multiple editing bays.
“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,” NanoTech CEO Jeffrey A. Foley stated in the press release. “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.
“We realize that in order for us to be a market leader in this space, we need to make large investments now,” said NanoTech Director Ted Campbell. “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.”
Financial details of the transaction were not disclosed.
For more information, visit www.NanoTechEnt.com
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