MIke - it looks like NVXE's partner (C3D) is moving forward, and is building demand for their 3D channel. Accordingly, the demand for true 3D content on C3D's channel will grow. I also think that the more customers C3D gets in general the more visible all 3D market participants become; including NVXE.
iWerks continues to implement their business model to compete head to head with Imax. They too will need 3D content, which is another open opportunity for NVXE to participate on the production end of the emerging 3D market.
Bill
C-3D Digital, Inc. Signs Affiliate Agreement With 3D TV Co., LTD of Japan; Initial Distribution to 1.3 Million Households
SALT LAKE CITY, May 5 /PRNewswire/ -- C-3D Digital, Inc. (OTC Bulletin Board: CQMT - news), a leading innovator of 3D entertainment technology and operator of the world's first 24 hour television network with 3D programming announced today the signing of an exclusive electronic hardware and network affiliate agreement whereby 3D Television Co., LTD of Japan will broadcast the company's programming to premium television viewers in Japan. Initially the channel will be broadcast through the Sky Perfect TV platform, which has 1.3 million subscribers and is the largest direct to home (''DTH'') satellite company in Japan.
Commenting on the agreement, 3D Television Co., LTD's President and CEO, Hisatake Togoe stated, ''We believe 3-D In-home Entertainment is the next big advance for both broadcasters and consumers. We are positioned to take advantage of C-3D's technology and programming to provide our customers the most exciting advance in In-home Entertainment. We look forward to working with our partners C-3D Digital, Inc. to provide the best 3D entertainment available in Japan.''
Additionally, 3D TV Co., LTD agreed to purchase, at minimum, 30,000 C-3D Digital Imaging Systems which are used by subscribers to view the 3D channel. This system can accept signals from cable, terrestrial and satellite transmissions. C-3D Digital will receive revenue from both hardware sales and monthly subscription fees. The terms of the agreement were not disclosed but are expected to significantly impact C-3D's revenue stream over the next 12 months, while attracting a new market for the company's programming services and products.
''The Cable TV and DTH market in Japan is still in its infancy as compared to the more developed markets in the US. Currently, there are only 19.8 million households in Japan who subscribe to premium television. This agreement positions C-3D for significant growth in the Japanese broadcast and cable markets as they reach full maturity,'' J. Michael Heil, CEO C-3D Digital, Inc.
This press release includes forward-looking statements that are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Acts of 1955. While these statements are made to convey to the public the Company's progress, business opportunities, and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Where management believes such representations to be true and accurate based on information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in C-3D Digital's periodic filings with the U.S. Securities and Exchange Commission.
ABOUT C-3D DIGITAL
C-3D Digital, Inc. is an advanced technology company providing revolutionary 3-dimensional content and programming services to the entertainment, advertising. and broadcast communications industries worldwide. As the leading innovator of 3D entertainment technology, C-3D Digital is the first television network to offer 3D programming exclusively to satellite and cable television subscribers. The Company also offers its customers and network subscribers the ability to convert 2-dimensional films or programming into real-time 3D. The Company maintains offices in Salt Lake City, Utah, Phoenix, Arizona, and Chatsworth, California.
SOURCE: C-3D Digital, Inc. |
