VGTel, Inc. Completes Digital Scanning of Initial Round of IMAX(R)-Format Films and Executes Licensing Agreements for Additional Titles for Release in 4K Ultra-High Definition
January 06, 2014 --
NEW YORK, NY--(Marketwired - January 06, 2014) - Following its November announcement that it started the digital scanning of a series of award-winning IMAX
The announcement comes on the eve of the 2014 International Consumer Electronics Show ("CES") in Las Vegas where 4K TVs (officially designated for consumer products as Ultra HD) are expected to be this year's highlight. Together, VGTel and K2 are scanning acclaimed IMAX
With four times the image resolution of 1080p (Full HD), 4K displays were one of the main attractions at CES last year, but in the last twelve months this next-generation display standard has suffered from a lack of content. "In 2013, the biggest hurdle for the manufacturers and exhibitors has been the lack of quality 4K content. VGTel and K2 are jointly focused on filling this void immediately," said VGTel CEO Peter Shafran.
All of the major television manufacturers now offer a 4K TV option and, in fact, companies like LG, Sony, Samsung, Panasonic, Sharp, Toshiba, Seiki, Hisense, and TCL, are all engaged in a competitive price war to establish market share. Last week, Polaroid announced that its new 50-inch Ultra HD set will be one of the first sub-$1,000 4K TVs on the market.
"4K resolution is increasingly being employed in commercial digital cinema projection and, with the rise of high-resolution displays in consumer devices like the 15-inch Macbook Pro with Retina Display, Ultra HD is the technology consumers will demand," added Shafran.
Today, VGTel announced it has signed agreements to scan the IMAX
About VGTel, Inc.
VGTel, Inc. is a multi-platform company offering products and support in the entertainment industry and is focused on a strategy of growing and building business units through investments and acquisitions. For further information, go to www.360entertainmentandproductions.com.
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VGTel, Inc. dba 360 Entertainment & Productions
Phone: (360) 8-360-ENT
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