IRVINE, Calif., June 7, 2016 /PRNewswire/ -- Ubiquity, Inc. (OTCBB: UBIQ) ("Ubiquity" or the "Company"), a vertically integrated, technology-focused media company, announced its intention to spinoff Ubiquity Studios (Studios) - the company's broadcasting studio business.
Ubiquity CEO Chris Carmichael said: "Our successful, long-term business development strategy for Ubiquity Studios has created new opportunities and growth for this business. Ubiquity Inc.'s Board is in agreement that the current success, and expected scale of the studio business warrant a separate strategy and the status as a stand-alone entity."
Along with top-of-the line facilities and infrastructure, and current production services the Studios have top notch immersive virtual reality capabilities, and are in the process of developing mixed reality and holographic content. Virtual reality services are increasingly in demand and it is anticipated that virtual reality will be a key driver of the facility's growth.
Recently, Ubiquity Studios became the home of SKEE TV, DJ SKEE's flagship cable-TV show on Fuse, which gives viewers insider access to the hottest musical artists, athletes, celebrities and cultural tastemakers via exclusive interviews and live performances in 73+ million homes.
"We are excited to have access to the incredible studios at Ubiquity, and look forward to using them to push the boundaries of content creation, including virtual reality," stated DJ SKEE. The Studios are collaborating to integrate immersive virtual reality components for the broadcast. As part of this, SKEE TV is launching its first virtual reality programming with Vantage.TV, who most recently partnered with Coachella this Spring for Coachella VR.
Ubiquity Studios are recognized as the premier place to create cross-platform digital entertainment content. The studios have more than 30,000 square feet of digital production space and boast premium amenities including three large and luxurious fiber linked and air-conditioned sound stages, along with unparalleled state-of-the-art camera equipment, lighting pre and post production facilities. The Studios have been optimized to develop, shoot, edit and distribute immersive 2D, 3D have intensified its virtual reality productions. The facilities are an excellent venue live events and commercial shoots and are available for video production and, editing projects.
About Ubiquity, Inc. (OTCBB: UBIQ)
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. The Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Ubiquity enables the search and identification of any object and image in all video and digital media and has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way. Ubiquity's intellectual property and unique cloud-based technology combines Mobile as a Service ("MaaS") with Software as a Service ("SaaS") to enable its customers to structure their content and data in a mobile cloud to deliver innovative user experiences to their multiscreen communities and audiences worldwide. Through Ubiquity Labs the company is leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, e-commerce, and mobile applications to support the commercialization of new technologies. In addition, Ubiquity intends to pursue strategic licensing opportunities. Ubiquity, Inc. owns 51% of Sprocket Hong Kong Ltd., and receives 60% of the revenue generated from Sprocket HK Ltd. For more information go to www.ubiquitycorp.com
About DJ SKEE
Recognized as one of the most influential figures in today's entertainment business by both Forbes & Billboard magazine, DJ SKEE is carving a new definition for what a DJ is. With a thriving career as an entertainer and multiple ventures under his umbrella, DJ SKEE is at the forefront of popular culture. As an entrepreneur and digital pioneer, he founded the biggest all original digital broadcast platform in the world, Dash Radio.
In raw numbers, DJ SKEE has generated over one billion media impressions in under a decade, and has a network of over 1 million social network followers, SKEE can be heard daily on the radio, seen performing at the biggest events across the world, heard scoring movies & video games or remixing todays biggest artists, running a record label, production company, and marketing agency as well as owning a retail store chain. For more information go to http://djSKEE.com/.
FORWARD LOOKING STATEMENTS
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SOURCE Ubiquity Inc.