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VGTel, Inc. Confirms Its Commitment for 4K Ultra-High Definition Entertainment
|By Marketwired .
|March 20, 2014 01:07 PM EDT
NEW YORK, NY--(Marketwired - March 20, 2014) - VGTel, Inc. (OTCQB: VGTL) which announced its entry into the 4K ultra high definition ("Ultra-HD") film market back in November 2013, reaffirmed its commitment to expanding its library of 4K films and programs.
"The global market indicates that 4K TV is on an aggressive growth trajectory and the creation, acquisition and distribution of 4K content is a very important strategy for our company," said Neil Fogel of VGTel.
Sales of 4K TV sets are progressing at a rate nobody anticipated. A report this week from NPD DisplaySearch, a California-based global research company, reported that global 4K LCD TV shipments reached 1.6 million units in 2013, with nearly one million units shipped in the fourth quarter alone. In its February 2014 analysis, NPD DisplaySearch forecasts that 30 million Ultra-HD screens will be sold worldwide in 2014.
Ultra high definition will be in the spotlight at next month's MIP TV conference at the Palais des Festivals in Cannes, France. The annual MIP TV conference is an international content market for co-producing, buying, selling, financing and distributing entertainment properties. The MIP TV 4K Ultra-HD program, created in partnership with Sony Corporation and sponsored by SES Astra, will run from April 7-10 and represents the world's first showcase of 4K content covering all entertainment genres. The entire inventory of VGTel 4K films (including Adrenaline Rush: The Science of Risk, Alaska: Spirit of the Wild, Bears, and Amazing Journeys) will be presented to buyers during MIP TV next month.
The MIPTV 4K program is indicative of the worldwide adoption of 4K programming. The four day panel will feature the participation of the BBC (UK), DBW Communication (Italy), FourK Productions (USA), Sky Deutschland (Germany), Sky Italia (Italy), Next Generation Television & Broadcasting Promotion Forum (Japan), NHK (Japan), SES Astra (Luxembourg), Onsight (UK), Terra Mater Factual Studios (Austria), Saint Thomas Productions (France), and United4All (Netherlands).
"We believe that large-panel Ultra-HD sales will continue trending up beyond 2014 and there is significant potential for the owners of 4K entertainment properties. We are continually looking for additional 4K titles to expand our library of films and are planning to increase our footprint in the industry through acquisitions and partnerships," added Fogel.
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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