BURBANK, Calif., Feb. 12, 2013 /PRNewswire/ -- CAMERON | PACE Group is honored to be included in Fast Company's 2013 roster of the 50 most innovative companies in the world. CAMERON | PACE Group (CPG) was lauded by Fast Company for "bringing 3D moviemaking to China" through its successful entrance into the country's rapidly expanding film and television industry, which is predicted to be the largest in the world by 2020.
"It is a significant honor for CPG and its team to be included in this impressive list of companies that are shaping the media and entertainment future," said Vince Pace, CPG's co-founder and CEO. "The move to set up CPG China is a commitment to building the market through a shared vision with our Chinese partners. To enhance entertainment through technology innovation is a key signature of CPG's growth and expansion globally."
Fast Company, a leading business publication that focuses on innovation and technology, spent months gathering data to compile a roster of companies that "exemplify the best in business from across the economy and around the world." The result, they say, is a list that "dares to be different, emphasizing not just revenue growth and profit margins but also progressive business models and an ethos of creativity." Indeed, CPG is pleased to share the stage with such tech titans as Apple and Samsung, along with newcomers including Tumblr.
CPG is especially proud to make the list; innovation is at the core of its mandate and corporate ethos. The company's focus on transformative media technologies has been a driving force in its 14-year history and underlies its extensive patent portfolio pertaining to stereoscopic filming. Leveraging its technology foundation, CPG's game-changing "5D" approach to production enables the simultaneous output of both 2D and 3D content. Supported by CPG, ESPN broadcast a historic ten hours of live 3D content on January 26, covering both the Winter X Games and College Game Day Basketball in the largest live, simultaneous 3D shoots to date.
In August 2012, CPG launched CAMERON | PACE Group China in the northeastern port city of Tianjin, just outside Beijing. CPG China is uniquely positioned to prosper in a market that has seen exponential growth in 3D entertainment in the last five years, in large part due to the enormous popularity of CPG co-founder James Cameron's "Avatar" and his recent "Titanic 3D," which scored the biggest box office opening in China's history when it premiered last April. China's pursuit of 3D technology is unparalleled: all new film theaters must be 3D-capable. Five major television stations have recently launched dedicated 3D channels. It's expected that 12 million 3D-ready television sets will be sold in the country this year alone.
In short, China has become a global bellwether for 3D production across all media.
"Our move into China is part of a push to support 3D media and entertainment worldwide," Pace said. "We're proud to work with the best in the industry." Adds Maria Wilhelm, CPG China CEO: "The China operation is quickly becoming a cross-cultural gateway based on the reputations of our U.S. co-chairmen, James Cameron and Vince Pace, our increasing investment in the Greater China market and our demonstrable expertise backed by box office success and technology leadership."
CPG's technology innovation has resulted in major 3D benchmarks recognized by the industry, including widespread praise for Ang Lee's "Life of Pi," which surpassed $500 million in global box office, more than $90 million from China alone. Nominated for an Oscar in eleven categories, including Best Cinematography, "Pi" is a CPG Certified film. CPG Certification, CPG's 3D seal of approval, serves as a guarantee to audiences that the film represents the highest quality 3D experience. Fellow CPG Certified films include Martin Scorsese's "Hugo" and Cameron's "Avatar," both of which won Oscars for cinematography.
Fast Company's "Most Innovative Companies" issue (March 2013) is on newsstands beginning February 19th and available online now at www.fastcompany.com/MIC.
CAMERON | PACE Group (CPG) is the industry leader in 3D technologies and production services from SLATE2SCREEN™. Led by founders and Co-Chairmen James Cameron and Vince Pace, CPG delivers the highest quality 3D through its technology products, solutions, and creative tools engineered for use across all media channels. Supporting filmmakers, broadcasters, studios, networks and creative teams globally, the company has unparalleled expertise in helping content producers realize the full potential of 3D as a powerful and immersive medium. CPG's easy, efficient, and cost-effective 3D solutions have supported productions generating more than $8 billion in box office, supported 31 3D feature films, close to 300 3D broadcasts, and multiple 3D media experiences in all formats. CPG-supported films and broadcasts have won numerous Oscars® and Emmys® for both technical and creative achievements. For more information about the company, please visit www.cameronpace.com.
Launched in August 2012, CAMERON | PACE Group China brings CPG's Total Solutions technologies and services to content producers and consumers in the rapidly growing Greater China market and beyond.
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