VGTel, Inc. Confirms Its Commitment for 4K Ultra-High Definition Entertainment
20 Março 2014 - 2:07PM
Marketwired
VGTel, Inc. Confirms Its Commitment for 4K Ultra-High Definition
Entertainment
NEW YORK, NY--(Marketwired
- March 20, 2014) - VGTel, Inc. (OTCQB: VGTL) which announced its entry into the
4K ultra high definition ("Ultra-HD") film market back in November
2013, reaffirmed its commitment to expanding its library of 4K
films and programs.
"The global market indicates that 4K TV is on an aggressive
growth trajectory and the creation, acquisition and distribution of
4K content is a very important strategy for our company," said Neil
Fogel of VGTel.
Sales of 4K TV sets are progressing at a rate nobody
anticipated. A report this week from NPD DisplaySearch, a
California-based global research company, reported that global 4K
LCD TV shipments reached 1.6 million units in 2013, with nearly one
million units shipped in the fourth quarter alone. In its
February 2014 analysis, NPD DisplaySearch forecasts that 30 million
Ultra-HD screens will be sold worldwide in 2014.
Ultra high definition will be in the spotlight at next month's
MIP TV conference at the Palais des Festivals in Cannes,
France. The annual MIP TV conference is an international
content market for co-producing, buying, selling, financing and
distributing entertainment properties. The MIP TV 4K Ultra-HD
program, created in partnership with Sony Corporation and sponsored
by SES Astra, will run from April 7-10 and represents the world's
first showcase of 4K content covering all entertainment
genres. The entire inventory of VGTel 4K films (including
Adrenaline Rush: The Science of Risk, Alaska: Spirit of the Wild,
Bears, and Amazing Journeys) will be presented to buyers during MIP
TV next month.
The MIPTV 4K program is indicative of the worldwide adoption of
4K programming. The four day panel will feature the
participation of the BBC (UK), DBW Communication (Italy), FourK
Productions (USA), Sky Deutschland (Germany), Sky Italia (Italy),
Next Generation Television & Broadcasting Promotion Forum
(Japan), NHK (Japan), SES Astra (Luxembourg), Onsight (UK), Terra
Mater Factual Studios (Austria), Saint Thomas Productions (France),
and United4All (Netherlands).
"We believe that large-panel Ultra-HD sales will continue
trending up beyond 2014 and there is significant potential for the
owners of 4K entertainment properties. We are continually
looking for additional 4K titles to expand our library of films and
are planning to increase our footprint in the industry through
acquisitions and partnerships," added Fogel.
About VGTel, Inc. VGTel, Inc. 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.
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Investor Contact:James Humann (407) 271-5574VGTel, Inc. dba 360
Entertainment & Productions Phone: (845) 368-0110
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