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Showing posts with label Mergers and Acquisitions. Show all posts
Showing posts with label Mergers and Acquisitions. Show all posts

Tuesday, October 30, 2012

MarketSaw Exclusive Confirmed: STAR WARS 7, 8 And 9 Tabled. 3D Announcement Coming... DISNEY HAS BOUGHT LUCASFILM!!

Just as we said all along. STAR WARS 7, 8 and 9 are definitely coming starting in 2015 and then every 2 or 3 years. Not only that - and mark my words - they will be 3D movies too. We also said that Lucas would NOT be directing them. Boy, did we get some flack for passing along that story to the masses (almost as much as when we broke the exclusive that Peter Jackson's legal issues with new Line have been settled, he will be directing not just 1, but 3 Hobbit movies and that they will be shot in native 3D), but in the end we were right on both stories.

MarketSaw also had the story that the existing STAR WARS library would be converted as well.

$4 billion dollars later and Disney owns Lucasfilm, complete with STAR WARS 7, 8 and 9 in development already. Nice job! Add in Pixar and Marvel with Disney's already burgeoning resources and wow, what a modern media company!

Hit the jump for more...

Thursday, August 23, 2012

Variety Reports: Leading 3D Organizations Merge

Tim here. Variety has reported that The International 3D Society and the 3D@Home Consortium have merged into one company. Here is the official press release:

In the world of 3D, maybe one is better than two.

The industry's two top 3D organizations - the International 3D Society (I3DS) and the 3D@Home Consortium - are merging into a single association, effective immediately.

The move also merges the two orgs' rosters, with the combined org -- monikered the International 3D Society and 3D@Home -- comprising members in 20 countries and chapters in North America, China, Japan, Korea, Europe and the U.K. Leadership at both orgs has ratified the merger.

"This newly formed organization will serve to spearhead the growth and expansion of the 3D entertainment industry across the entire ecosystem - from content conception and development, to consumer education and adoption," said Tom Cosgrove, co-chair of the combined org, who's also prexy and CEO of 3net, the 3D channel co-venture of Discovery, Sony and Imax.

Dan Schinasi, the org's other co-chair and senior TV planner at Samsung Electronics, believes 3D in-home consumption will be spurred by dropping prices in consumer electronics. "3D entertainment in the home has become an affordable proposition, with entry-level sets falling below $1,000," he said. Schinasi added that new platforms such as 3D Blu-ray discs and 3D streaming of sports and entertainment channels will contribute to the growth of the 3D medium.

"From supporting content creators to educating consumers, our two groups have distinguished themselves in providing neutral, non-branded information," said Jim Mainard, past chair at I3DS and head of digital strategy at DreamWorks Animation. "Their combined power and scope will maximize our ability to steadily grow 3D across countless media platforms in education."

I3DS topper Jim Chabin will lead the new org, whose membership includes more than 60 companies and 500 individuals. Studio and TV members include Disney, DreamWorks Animation, Sony Pictures Entertainment, Pixar, ESPN, Turner Broadcasting, BSkyB and National Geographic Cinema Ventures.

Other corporate members include Panasonic, XpanD 3D, Dolby Laboratories, 3ality Technica, Masterimage 3D, RealD, IMAX, StereoD, CCTV China, Korea Telecomm, Intel, THX, Microsoft, Technicolor, Samsung, Sony Electronics, MobiTV, BluFocus, Eutelsat, Vizio, among others.

About the International 3D Society And 3D@Home Consortium
The International 3D Society & 3D@Home Consortium advances 3D content, products and adoption through recognition, networking, communication for professionals and consumers. With over 60 companies and 500 professional members, the organization honors the year’s best during its 3D Technology and 3D Creative Awards programs; hosts worldwide meetings, workshops and demonstrations; and manages many online resources to assist consumers and professionals to further understand and integrate 3D into their lives. Visit: www.International3DSociety.com, www.3DatHome.org, and 3DUniversity.net to explore the full range of 3D information available.

Monday, May 14, 2012

So Now With 3D Conversion Essentially Validated By THE AVENGERS - What's Next For Marvel's Box Office And 3D?

THE AVENGERS have passed THE DARK KNIGHT ($1.0019 billion) as the top grossing superhero movie of all time with $1.0021 billion in an astounding 19 days!

Clearly the rule of thumb here is that if you want to rule the box office and hit the top 5 movies of all time you need to either A). Make it 3D -or- B). Make it with James Cameron. Four out of the top five movies of all time are 3D (if you count the conversion of TITANIC) and will be soon joined by THE AVENGERS in potentially a 3rd place showing. 

Has 3D conversion hit the level of achievement where audiences can't really tell the difference - or perhaps more importantly don't care whether it's a native 3D or 3D conversion? Call it 2.9D if you want to, but clearly conversion is in a different place than it was 2 weeks ago. 

To the educated eye you can clearly make out the subtle differences between the two with native 3D coming out on top, but in the eyes of the average theatergoer - does it matter? Probably not at this stage. That's a good thing for conversions. And a good thing for 3D because there won't be any more CLASH OF THE TITANS out there coming from the studios (well - let's hope not anyway!) and so 3D will not be getting any more black eyes from a dismal conversion.

Keep in mind that native 3D is also getting exceptionally better year after year as well. Rigs are getting smaller, smarter and multifunctional. Companies like 3ality Technica and Cameron Pace Group are dedicated to the Gold Standard of native 3D; purity if you will. To me that can go hand in hand with 3D conversion and indeed HAS to in order to achieve the best possible outcome in some instances. I find that there are some shots that native 3D has a hard time capturing effectively (like bright or widely dispersed light for example) and that the best possible scenario now may be to shoot 80 or 90% in native 3D and convert the rest. This isn't really news as this has already happened with large projects (like TRANSFORMERS: DARK OF THE MOON which was a native 3D production, but quite a bit of it was a 3D conversion), with different percentages of course.

Different conversion houses will have different results as well. Some companies are pouring more money into R&D than others and there are some vast differences in the number of seats that a couple of houses can throw at a conversion than the "competition". I am using quotes for "competition" because often multiple conversion companies will tag team to get a production done on time - like ALICE IN WONDERLAND mentioned below. I see the top tier conversion companies today as being Stereo D (THE AVENGERS, JOHN CARTER), Legend3D (TRANSFORMERS: DARK OF THE MOON, GREEN LANTERN, ALICE IN WONDERLAND), Prime Focus (STAR WARS EPISODE I, WRATH OF THE TITANS) and Digital Domain (acquired In-Three, ALICE IN WONDERLAND).

THE AVENGERS are living proof that you don't need a native 3D production to go ballistic at the box office. It's eye opening. It's great for 3D. It's quieting many, many naysayers of the technology. And for audiences, it seems 2.9D is good enough. In seeing THE AVENGERS 4 times now, I agree. I see much, much more collaboration between native 3D and conversion companies now - perhaps some M&A happening.

As I said, I consider native 3D productions superior because they are capturing actual facts as opposed to creating a second eye. The level of detail in a native 3D shot of a complex, live action, moving object is still so very evident to me. However with so much CG going into today's movies, clearly conversion could always have a place in just about EVERY 3D production. Indeed, conversion is a valid choice across the board now.

Other than some trepidation about 3D conversion back in the summer of 2010 I knew that Marvel had a winner on it's hands in this ensemble project. I posted on how THE AVENGERS could do better than SPIDER-MAN, better than THE DARK KNIGHT and better than SUPERMAN. I invite you to click that link and go back to read about those thoughts and how some readers felt about them. I did feel as though I was going to take heat for those comments so I backed off a bit by saying "ok, maybe not TDK" - but I didn't want to. I truly felt that THE AVENGERS have the characters and the creative talent to pull it off. They have with so much more to come.

Still I don't have any hesitation in saying THE AVENGERS will not catch AVATAR in total box office. $2.78 billion is just about insurmountable until perhaps AVATAR 2. It's an interesting dynamic to watch of course, with AVATAR opening to only $77 million and with less 3D screens (for that additional 3D revenue), but then again THE AVENGERS will suffer going against this summer's competition whereas AVATAR didn't encounter much. You know darn well that MIB3, THE DARK KNIGHT RETURNS, THE AMAZING SPIDER-MAN and PROMETHEUS are going to chew into that revenue. They're all spectacle movies and word of mouth is extremely important for all.

What I am thinking now is that THE AVENGERS will be the third highest grossing movie of all time behind AVATAR and TITANIC. I find it very hard to give an estimated number though on what the final tally will be for the movie. Perhaps after we see how well it performs against BATTLESHIP ($215m overseas) this weekend. What do you think? Will AVENGERS prevail and retain the number 1 position this weekend?

And as far as 3D conversions go, they are now a proven, mainstream alternative to native 3D and while still needing some improvement, audiences have embraced well executed work. I see much more collaboration taking place in the field, if not some mergers and acquisitions.


Wednesday, August 24, 2011

3ality Digital Acquires Element Technica

Exciting news! Our friends over at 3ality Digital have just acquired the 3D rig specialists over at Element Technica - these two companies have worked well together during past productions and this union makes perfect sense. The marriage of 3ality's production expertise with ET's rigs and manufacturing will help them push 3D's gold standards.

The value of the deal is "several million dollars in cash, plus equity," said Steve Schklair (pictured), formerly CEO of 3ality Digital and now CEO of the combined company, which will now be known as 3ality Technica.

The combined company can now boast such impressive productions as THE AMAZING SPIDER-MAN, THE HOBBIT: AN UNEXPECTED JOURNEY, PROMETHEUS and JACK THE GIANT KILLER as well as TV events like the FIFA World Cup.

Wow. This move will certainly shake things up a bit in the 3D production world. Congratulations to all those involved! I know there is more action brewing within this space and I will get it to you the second I can! Stay tuned.

Source: Variety


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