Las Vegas, U.S.A. —  On November 5, Nanotech Entertainment announced it has completed its development of a new proprietary technology, NanoFlix3D.

NanoTech Media, the IPTV division of NanoTech Entertainment, is now offering content providers and publishers a unique set of tools for the creation of fully immersion 3D TV Channels and Smart TV apps. NanoFlix3D is now available on the Roku IPTV platform, and will be available on Samsung Smart TV, LG Smart TV as well as several other platforms.

NanoTech Media has the only fully immersive 3D user interface available on the Roku platform. The proprietary system provides users with a continuous 3D experience from the moment the channel is launched. Unlike other so called 3D channels, users don’t have to toggle their TV back and forth between 2D mode and 3D mode every time they use the menu to select 3D content for viewing.

“The NanoTech team is the only company to have solved the problem of providing a 3D user interface and menu system on the Roku Platform,” stated Jeff Foley, CEO of NanoTech. “NanoTech is committed to providing ground breaking technology. Our team has a rich history of innovation in every market that we have been in and continue to create state of the art solutions. We are excited to be the only company offering a solution that provides a continuous 3D experience.”

With 3D Television sales breaking records in 2012, NanoTech is poised as a market leader in providing its proprietary 3D TV technology. Foley concluded “Users want a smooth experience when viewing 3D content and by using NanoTech’s system, NanoFlix3D provides a seamless and unique experience.”

In the US, first-quarter volumes grew nearly 74% in units and 64% in revenue over last year’s, according to market research company, The NPD Group’s Retail Tracking Service. Ben Arnold, director of industry analysis for The NPD Group, cited his observations from NPD’s Survey where 14% of respondents interested in, or expecting to purchase, a flat-panel TV set in the next six months, say 3D is a “must-have” feature, and another 68% say [3D] is a “nice to have” feature. “3D has been a success for the TV market from a sales perspective,” Arnold elaborated. “In addition to movies and gaming, sports are essential to growing 3DTV ownership. Nearly six-in-10 sports fans are interested in watching games and matches in 3D.”

NanoTech will be licensing the NanoFlix 3D library for content publishers as well as providing turnkey 3D channel solutions for companies wishing to publish their content on the latest 3D Platforms.

The article NanoTech Entertainment Releases NanoFlix3D appeared first on The Toonari Post - News, Powered by the People!.

Legend3D, the leading innovator in 2D-to-3D conversion technology, today announced that it closed on a $19 million Series E Preferred Stock offering, to further expand its leadership in 3D conversion. Secured proceeds will fund ongoing R&D efforts to enhance Legend3D’s proprietary 3D conversion pipeline, helping the company meet the swelling demand for 3D content while continuing to deliver the highest quality material at the most competitive pricing.

Additionally, the financing enables Legend3D to forge partnerships with content owners on 3D film and television projects, funding the 3D conversion in exchange for long-term revenue sharing participation in the 3D content. The financing was led by Northwater Capital Management, which makes strategic investments in intellectual property, and is joined by return investors PAR Investment Partners, L.P.; and Augustus Ventures Limited.

“Legend3D has redefined the art of 3D storytelling, allowing audiences to experience entertainment outside the boundaries of a ‘flat’ world,” said David Patterson, Chair and CEO of Northwater Capital Management. “With the recent success of films such as Martin Scorsese’s Hugo, 3D storytelling is primed to sweep audiences worldwide, making it increasingly critical that the technology behind-the-scenes offers today’s content creators a toolset without limits.

We eagerly await the conversion work that will come to fruition as a result of this commitment to Legend3D.” Legend3D uses a proprietary 2D-to-3D conversion process that combines skilled artistry with technology to enhance filmmakers’ storytelling, deepening their connections with audiences across the big screen and in home theaters worldwide.

The company’s proven conversion process, pipeline and methodology allow Legend3D to deliver incredibly complex scenes in the highest quality 3D—essentially indistinguishable from camera-captured 3D material. Of note, Legend3D’s unique, streamlined conversion process has been utilized to seamlessly match 3D converted scenes to live-action 3D shots for major Hollywood blockbusters such as Hugo, Transformers: Dark of the Moon, Pirates of the Caribbean: On Stranger Tides, Green Lantern and The Smurfs.

Dr. Barry Sandrew, founder, COO and CTO of Legend3D, commented, “As we strive to push the envelope for 3D storytelling beyond anything that the industry has experienced to date, our efforts are strengthened by the synergistic alignment with Northwater Capital, among other return investors.

With Northwater Capital’s proven track record in supporting innovation within the intellectual property space, this funding marks an incredible opportunity to further hone our 3D conversion pipeline and develop advanced 3D structures to benefit our industry partners. Marrying these proceeds to our talented team of stereographers will help us make the ‘impossible’ possible in a 3D world.”

The article Legend3D Consolidates Leadership for 3D Demand appeared first on The Toonari Post - News, Powered by the People!.