|By Marketwired .||
|August 27, 2014 07:44 PM EDT||
NEW YORK, NY--(Marketwired - August 27, 2014) - (OTCQB: VGTL) -- The digital-scan and distribution rights to the Donald Sutherland-narrated, giant-screen 4K film Dinosaurs: Giants of Patagonia have been acquired by VGTel-360 Entertainment & Productions as it prepares for the worldwide fall launch of UltraHD channels, the Company announced today.
Acquisition of Dinosaurs bolsters VGTel-360 Entertainment & Productions 4K film inventory for distribution to broadcasters, who are bracing for increasing consumer demand via the popularity and prevalent growth of new UltraHD channels, expected to push deep through Q1 2015.
"Dinosaurs: Giants of Patagonia is an evergreen, family friendly title that is a picture-perfect high-def image," said VGTel-360 Entertainment & Productions CEO Greg Wells. "The clarity and colors translate powerfully into UltraHD, with equally strong appeal to licensors and UHD broadcasters."
The Company has financed digital scanning for a series of giant-screen films to 4K format since December 2013. Earlier this month, the Company announced the launch of its wholly owned subsidiary Motion Picture Scanning Services (MPSS) in Austin, Texas. Dinosaurs: Giants of Patagonia will be the first giant-screen film to be digitally scanned from the original film format at the new MPSS state of the art studio.
Motion Picture Scanning Services CTO Greg Passmore, long recognized as a technology leader in the production and post production markets, designed a new type of scanner for MPSS that is specifically tailored for large format films. The newly designed scanner operates with an extremely high resolution, along with High Dynamic Range imagining, specialized workflows and minimal touch technology to produce the highest possible quality.
VGTel-360 Entertainment & Productions, in collaboration with MPSS and its production and distribution partners, is scanning, downscaling and licensing these giant-screen films for UltraHD television broadcast and 4K theatrical distribution.
Dinosaurs, a 2007 film depicting Early Cretaceous life in the shared Patagonia region of Argentina and Chile, will be followed by giant-screen favorites Adrenaline Rush: The Science of Risk; Alaska: Spirit of the Wild; Amazing Journeys; and Bears.
"The pieces are falling in place for 4K to become the new standard in entertainment," said Wells. "Our goal is to be positioned as a major supplier of these films."
Dinosaurs is a compelling science film that features world-renowned Argentinean paleontologist Rodolfo Coria, who visits major dinosaur discoveries at key South American sites. It offers a computer-generated glimpse of rarely seen dinosaurs, including Giganotosaurus and Argentinosaurus.
Licensing for the VGTel-360 Entertainment & Productions 4K titles is via Los Angeles-based distributor K2 Communications.
About VGTel, Inc.-360 Entertainment and Productions.com
VGTel, Inc., operating as 360 Entertainment and Productions, 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.
About Motion Picture Scanning Services, Inc.
Austin-based Motion Picture Scanning Services (MPSS) is a world-wide resource for the scanning of films from original analogue formats -- Big Screen 70/65mm, 35mm, or 16mm -- to 8K/4K Ultra High Definition.
For further information, go to www.motionpicturescanningservices.com.
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Forward-Looking Statements - This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in the Company's filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
360 Entertainment & Productions
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