SOURCE: VGTel, Inc.

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October 10, 2014 10:44 ET

VGTel - 360 Entertainment & Productions Acquires 4K Rights to 'Zion Canyon: Treasure of the Gods': 4K TV Shipments Ramping Faster Than HD TV

NEW YORK, NY--(Marketwired - October 10, 2014) - (OTCQB: VGTL) -- As shipments of 4K TVs continue to swell, VGTel - 360 Entertainment & Productions announced today that it has acquired the digital-scan and distribution rights to the Kieth Merrill-directed, Giant Screen 4K film Zion Canyon: Treasure of the Gods.

"The procurement of another film like Zion Canyon: Treasure of the Gods demonstrates our commitment to aggressively satisfy the demand of our licensors and UHD broadcasters," said Greg Wells, CEO of VGTel - 360 Entertainment & Productions.

Viewers of Zion Canyon vicariously enter the recesses of slot canyons, experience flash floods and hang with climbers by their fingertips as they are immersed into Bryce National Park, Mesa Verde National Park, and Monument Valley of the Navajo Nation. The movie was directed by the award-winning Merrill, who was critically acclaimed for his direction of Amazon, produced specifically for the Giant Screen IMAX film market.

"Consumer uptake is accelerating, because average selling prices of existing 4K sets are continuing to drop," Wells said. "Electronics giants like Samsung and LG are marketing 4K aggressively. We expect that 4K Ultra HD-capable TVs will be in more than half of North American households in the next 10 years. That's a faster adoption curve than what we saw with HDTV."

VGTel - 360 Entertainment & Productions has financed digital scanning for a series of giant-screen films to 4K format since December 2013. During that period, the Company has acquired the 4K rights to the following Giant Screen Films: Dinosaurs: Giants of Patagonia; Kilimanjaro: To the Roof of Africa; Zion Canyon: Treasure of the Gods; Adrenaline Rush: The Science of Risk; Alaska: Spirit of the Wild; Amazing Journeys; and Bears. In August, the Company announced the opening of its wholly owned subsidiary Motion Picture Scanning Services (MPSS) in Austin, Texas. MPSS is a state-of-the-art studio designed for the digital scanning of theatrical content from its original film format. 

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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Contact Information

  • CONTACT: 
    360 Entertainment & Productions 
    (212.201.0576)
    Media Relations - James Humann
    (858.412.9193)
    Investor Relations - Greg Wells 
    (917.817.9952)