Eight Solutions Expands 3D Conversion Technology into ChinaThursday, May 26, 2016
Vancouver, BC, May 26, 2016--(T-Net)--Eight Solutions Inc. (TSXV:ES) announced recently an agreement with Beijing Show City Times Entertainment Co. Ltd. (“Show City Times”) and Prime Focus Limited (“Prime Focus”) to use Eight Solutions' 3D technology, through Prime Focus and the Gener8 brand, to deliver 3D content to the growing 3D market in China.
China is producing an increasing number of their own theatrical movies, where industry growth is outpacing that of both North America and Europe, and the Chinese film audience is demanding more and better 3D content.
With Show City Times, Eight Solutions is bringing together the Company's 3D conversion technology with Primes Focus' global 3D conversion services under the Gener8 brand and Show City Time's access to China movie content.
Over the past year Eight Solutions' 3D technology group has been working with Prime Focus to advance 3D conversion services using the Company's award winning 3D conversion technology. This agreement will utilize Show City Time's Chinese film and music talent relationships to deliver 3D conversion services to Prime Focus and Eight Solutions for domestic China theatres.
"This agreement is the next evolution in our growing technology relationship with Prime Focus,” says Eight Solutions' CEO, Rory Armes. “Show City Times is a progressive music talent agency and film funding company headquartered in China, who has a keen interest to build its film connections and business inside and outside China."
About Eight Solutions
Eight Solutions Inc. is a technology company led by a team of gaming industry veterans. Eight's flagship product is Cumul8, a data analytics and visualization solution. Cumul8 works with any type of data source to help people and companies understand, collaborate, and make better decisions with data. Eight's portfolio also includes an award-winning 3D technology licensed to the film industry and Reelhouse, a unique video-on-demand platform that allows films makers to distribute their content directly to users. For more information, visit www.eightsolutions.com.
About Prime Focus
Prime Focus, the world's largest integrated media services powerhouse, employs over 5,500 professionals in 16 cities across 4 continents and 7 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion, animation), technology products & services (Media ERP Suite and Cloud-enabled media services), production services (shooting floors/sound stages, equipment rental) and postproduction services (Digital Intermediate, sound, picture post) to Studios, Broadcast and Advertising industries.
Prime Focus is behind path breaking technologies like CLEAR™ (Hybrid Cloud technology enabled Media ERP Suite), Primetime Emmy® award-winning DAX Digital Dailies® and View-D™ (stereoscopic 2D to 3D conversion process). Leveraging its Global Digital Pipeline and pioneering delivery model WorldSourcing® Prime Focus partners content creators at every stage of the process ensuring creative enablement, work flow efficiencies and cost optimization.
In mid-2014 Prime Focus acquired DAX, a leading provider of cloud-based production workflow and media asset management applications; Prime Focus merged with Double Negative, one of the world's foremost providers of visual effects; and Reliance MediaWorks merged their global film and media services business with Prime Focus.
Listed on the BSE and NSE of India, Prime Focus has operations in Bangalore, Beijing, Cape Town, Chandigarh, Delhi, Goa, Hyderabad, Johannesburg, Kolkata, London, Los Angeles, Mumbai, New York, Singapore, Toronto and Vancouver. For more details visitwww.primefocus.com.
About Show City Times
Show City Times is an entertainment group with operations in Beijing, Los Angeles and Seoul. Founded in 2009, Show City Times started with music production, artist representation, music IP development and live entertainment. Capitalizing on the explosive growth of the Chinese entertainment industry, Show City times successfully built a team and network that is optimized to leverage and navigate the rapidly evolving and internationalizing Chinese entertainment landscape. Show City Times business currently spans multiple entertainment sectors including artist management, music production and original sound tracks, live entertainment, film/IP incubation and development, film and celebrity marketing and promotion and entertainment derivatives. For more details visitwww.showcitytimes.net.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although Eight believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For more Information, please contact:
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