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NanoTech Adds More than 70 Full-length 4K Documentaries to its UltraFlix All-4K IPTV/OTT Streaming NetworkSAN JOSE, Calif., Jan. 30, 2015 /PRNewswire/ -- NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K experience to consumers, announced today a licensing agreement with NHNZ (formerly Natural History New Zealand), one of the world's most awarded independent producers of factual/natural history content. With the agreement, UltraFlix™, NanoTech's award-winning 4K Ultra HD network, has been granted the distribution rights to more than 70 full-length high quality documentaries. 4K Studios, a NanoTech subsidiary with facilities in San Francisco and Hollywood, is currently in the process of scanning and posting the films for immersive crystal-clear 4K Ultra HD viewing. Some of the series being added to the UltraFlix network's growing library of 4K content include:
"NHNZ has produced award-winning television series and specials for the Discovery Channel, National Geographic Channel, Travel Channel, A&E and many others," said Aaron Taylor, NanoTech's Executive Vice President of Sales and Marketing. "We're excited about partnering with NHNZ so families can enjoy the beautiful, exotic wonders in their films with the incredible detail and amazing depth of 4K." The demand for 4K content is being fueled by the growing adoption rate of 4K displays. The Consumer Electronics Association predicts UHD TV shipments will hit 4 million in 2015, up from around 800,000 shipments last year. Higher theater admission coss are also accelerating the demand for streaming 4K content that consumers can enjoy without leaving the comfort of their homes. Research and consulting firm PwC recently reported that high ticket prices were the biggest reason for the 21 percent year-over-year decline in domestic box office revenues last summer. Of the respondents, 53 percent cited the rising admission costs over the past five years as one of the main reason they stayed away. After pricing, 30 percent said they want to watch movies on their own schedules. "UltraFlix has solved the key problems that were preventing the cost-effective delivery of streaming 4K content--bandwidth and reliable online delivery," said Kyle Murdoch, NHNZ's Managing Director. "By using enhanced video compression, adaptive streaming and intelligent bandwidth management technologies, UltraFlix can stream visually lossless 4K video with uninterrupted viewing at under 8Mbps. That makes streaming 4K Ultra HD available to most North American and European subscribers today," he explained. About UltraFlix About NHNZ
About NanoTech Entertainment "Safe Harbor" Statement: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in of the company; the positioning of NanoTech Entertainment, Inc. in the market; ability to integrate both developed and acquired companies and technology; ability to retain key employees; ability to successfully market product offerings and customer acceptance of products; general market conditions, fluctuations in currency exchange rates, changes to systems and product strategy by vendors of systems; and whether NanoTech Entertainment, Inc. can successfully gain market share. Actual results may differ materially from those contained in the forward-looking statements in this press release. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. NanoTech Entertainment, NanoTech Media, NanoTech Gaming Labs, NanoTech Communications, MagicScreen, 4K Studios, 4K Ultra HD logo, UltraFlix, NanoFlix, Nuvola GP-1, Nuvola NP-H1, Nuvola TV-U1, Nuvola NP-1, Nuvola NP-C, and ProFlix UHD and their associated logos are trademarks of NanoTech Entertainment. "The Future of Television", "The Future of Gaming" and "The Future of Entertainment" are Service Marks of NanoTech Entertainment. All rights reserved. All other marks are the property of their respective owners. Agency Contact: Andy Marken Investor Contact: Dan Wong Logo - http://photos.prnewswire.com/prnh/20140929/149073 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nanotech-adds-more-than-70-full-length-4k-documentaries-to-its-ultraflix-all-4k-iptvott-streaming-network-300028610.html SOURCE NanoTech Entertainment |