SAN JOSE, Calif., April 7, 2015 /PRNewswire/ -- NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the Ultra HD experience to consumers, announced today a licensing agreement with Paramount Pictures that will bring the explosive global hit "G.I. JOE: RETALIATION" to UltraFlix™, NanoTech's all Ultra HD network. Under the agreement, the film will be available in Ultra HD beginning in April 2015.
Called "a stunning, high-flying, super-charged blast of fun" (Shawn Edwards, FOX-TV), the $375+ million worldwide blockbuster "G.I. JOE: RETALIATION" explodes in Ultra HD on the UltraFlix network this month. "Born to play a G.I. JOE" (Scott Bowles, USA Today), Dwayne Johnson embodies ROADBLOCK and he and Channing Tatum "are a match made in action flick heaven" (James Oster, JoBlo.com) in this "cool ride" (Richard Corliss, Time) that is "awesome times 10!" (Shawn Edwards, FOX-TV). From Paramount Pictures and Metro-Goldwyn-Mayer Pictures, "G.I. JOE: RETALIATION" also stars action legend Bruce Willis as the original G.I. JOE, as well as Adrianne Palicki, D.J. Cotrona and Jonathan Pryce. In director Jon M. Chu's heart-pounding thrill ride, the G.I. JOE team not only faces off against its mortal enemy COBRA, it is also forced to contend with threats from within the government that jeopardize its very existence.
In addition to "G.I. JOE: RETALIATION," UltraFlix now offers subscribers the largest library of crystal-clear 4K content, reinforcing its lead as the source for the world's largest and most diverse library of 4K VOD entertainment. To appeal to a broad audience, offerings range from sci-fi, action/thriller, comedy, drama and family movies to extreme sports videos, concerts, TV shows, and special events. UltraFlix also offers over 100 hours of free content.
To enhance the viewing experience, UltraFlix uses a variety of proprietary technologies with video compression, adaptive streaming and intelligent bandwidth management. These technologies enable UltraFlix to stream visually lossless 4K video with uninterrupted viewing at under 8Mbps, making it available to most North American and European internet subscribers today.
"We are very excited to continue offering the most visually stunning films to our UltraFlix subscribers," said Aaron Taylor, NanoTech's Executive Vice President of Sales & Marketing. "G.I. JOE: RETALIATION is an outstanding addition to our already exceptional lineup."
UltraFlix, the world's first dedicated 4K Ultra HD network, will enable subscribers to choose from hundreds of hours of video on demand pristine 4K Ultra HD content in a broad range of genres and over 100 hours of free content. In addition to being available on NanoTech's award-winning Nuvola™ NP-1 streaming 4K Ultra HD media player, UltraFlix has also become the preferred 4K Smart TV App for leading 4K Smart TV manufacturers including Samsung, Sony, Vizio and others that are in the process of completing their testing and integration. Recently, UltraFlix powered the Best Buy's Ultra HD viewing events providing the content for locations throughout North America highlighting 4K Ultra HD TVs from Sony, Samsung and LG.
About Paramount Home Media Distribution
Paramount Home Media Distribution (PHMD) is part of Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment. PPC is a unit of Viacom (NASDAQ: VIAB, VIA), a leading content company with prominent and respected film, television and digital entertainment brands. The PHMD division oversees PPC's home entertainment, digital and television distribution activities worldwide. The division is responsible for the sales, marketing and distribution of home entertainment content on behalf of Paramount Pictures, Paramount Animation, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV, Nickelodeon, Comedy Central and CBS and applicable licensing and servicing of certain DreamWorks Animation titles. PHMD additionally manages global licensing of studio content and distribution across worldwide digital and television distribution platforms including online, mobile and portable devices and emerging technologies.
About NanoTech Entertainment
Headquartered in San Jose, CA, the heart of Silicon Valley, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With seven technology business units, focusing on 3D, Content, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. 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. Ultra Media Group focuses on the acquisition and licensing of content. UMG also develops and creates original programming and live events for use on NanoTech networks. 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, 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" 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
Phone: (408) 986-0100
Email: [email protected]
Investor Contact: Dan Wong
Phone: (858) 381-4677
Email: [email protected]
Paramount Pictures Contact: Brenda Ciccone
Phone: (323) 956-8091
Email: [email protected]
SOURCE NanoTech Entertainment