NanoTech
Entertainment (OTCPINK:
NTEK), a pioneer in bringing the 4K Ultra HD experience to
consumers, announced today that Tom Cosgrove, an entertainment industry
veteran and pioneer in digital UHD production, has joined NanoTech’s
Content Advisory Board. Leveraging his extensive content and brand
experience, Cosgrove will advise NanoTech in several key areas.
Cosgrove, president and CEO of the Sony, IMAX, and Discovery
Communications 3net joint venture, has been instrumental in dramatically
increasing the services’ audience reach. In just two years, 3net
programming became available to more than 40 million U.S. households
across five program distribution affiliates, including DIRECTV, Comcast,
Service Electric Cablevision and Netflix. In addition, he has
spearheaded numerous global programming partnerships with top-tier
international platform providers and production companies, and most
recently, has led the joint venture’s foray into original, digital 4K
content production and distribution. Cosgrove also serves as the
Chairman of the International 3D and Advanced Imaging Society.
Prior to leading the joint venture, Cosgrove served as Executive Vice
President and Chief Operating Officer for Discovery Channel. Before
that, Cosgrove served as General Manager of Science Channel, where he
initiated a global rebranding of the channel and had direct oversight of
network programming, development, production and marketing as well as
business and brand strategy. He joined Discovery Communications as
Senior Vice President of Programming for several of the company’s most
visible channel brands.
Previously, Cosgrove served as General Manager for TV Guide Channel,
where he had direct oversight of content and brand strategy. Cosgrove
also held senior management positions at ABC Family, Fox Family, Fox
Kids, and Fox Broadcasting, spanning live sports, programming,
acquisitions, marketing, research, sales, operations, and affiliate
relations. Cosgrove holds an MBA and B.A. from the University of
Wisconsin.
Analysts agree that the two factors influencing the success of 4K
technology are widespread adoption of 4K UHD TVs and the availability of
4K content. According to presentations made at the recent 2014 SID
Business Conference to kick-off Display Week, UHD TV is poised for
dramatic growth. IHS Inc. co-sponsored the event under the tutelage of
Sr. Director Sweta Dash, who reported that 4K TVs are forecast to sell
up to 15M sets in 2014, up from just 3M TVs in 2013. That’s moving from
1% to 6% TV market share this year (2014). IHS reported the category is
expected to grow in 2015 to 36M, then 49M, 60M, 69M UHD sets by the end
of the forecast period in 2018.
“These are exciting times for 4K UHD technology and NanoTech is building
a dynamic programming network featuring a diverse, on-going pipeline of
compelling 4K content,” said Cosgrove. “Until now, most people thought
you needed a lot of bandwidth and storage to deliver high-quality 4K
content. 4K video with uninterrupted viewing can now be delivered at
under 10Mbps by NanoTech, which makes 4K Ultra HD available to most
North American and European internet subscribers today.”
“Tom has a tremendous success record in advancing new trends in the
entertainment industry and we’re very pleased that he has agreed to
advise our team,” said Aaron Taylor, EVP of NanoTech Entertainment.
“With a world class team of experts on our Content Advisory Board, we
have raised the bar in offering continued expansion of the world’s
largest library of streaming 4K VOD network.”
About UltraFlix
UltraFlix, the world’s first dedicated 4K Ultra HD IPTV/OTT
network is available now on the Nuvola NP-1, and will be available on a
variety of other 4K Ultra HD devices and TV’s later this year. With its
vast library of pristine 4K Ultra HD content, UltraFlix subscribers will
be able to choose from more than 300 hours of sci-fi, action/thriller,
comedy, drama and family movies as well as knock-your-socks-off extreme
sports videos, concerts, TV shows, special events and moving murals in
addition to 100 hours of free content.
About NanoTech Entertainment
Headquartered in San Jose, CA NanoTech Entertainment is a technology
company that focuses on all aspects of the entertainment industry. With
six technology business units, focusing on 3D, Gaming, Media & IPTV,
Mobile Apps, and Manufacturing, the company has a unique business model.
The company has a diverse portfolio of products and technology. NanoTech
Gaming Labs operates as a virtual manufacturer, developing its
technology and games, and licensing them to third parties for
manufacturing and distribution in order to keep its overhead extremely
low and operations efficient in the new global manufacturing economy.
NanoTech Media develops proprietary technology which it licenses to
publishers for use in their products as well as creating and publishing
unique content. NanoTech Media Technology includes the world's first 4K
Ultra HD streaming solution. NanoTech Communications develops and sells
proprietary apps and technology in the Mobile and Consumer space. Clear
Memories is the global leader in 3D ice carving and manufacturing
technology. 4K Studios creates digital 4K Ultra HD content using both
licensed materials as well as original productions. NanoTech is
redefining the role of developers and manufacturers in the global
market. More information about NanoTech Entertainment and its products
can be found on the web at www.NTEK.com.
"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, UltraFlix, ProFlix UHD, NanoFlix, NanoTales,
NanoBooks, Nuvola NP-1, Nuvola NP-C, Nuvola GP-1, Nuvola RF-10, Nuvola
NP-H1, Nuvola SC-1, 4K Studios, Magic Screen 3D, Clear Memories and
associated logos are trademarks of NanoTech Entertainment, Inc. All
rights reserved. All other marks are the property of their respective
owners. “The Future of Television” and “The Future of Entertainment” are
service marks of NanoTech Entertainment, Inc., All Rights Reserved
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