VANCOUVER, British Columbia, February 7, 2013 - Network Entertainment Inc. ("Network"), a subsidiary of Network Media Group Inc (TSX-V: NTE), is pleased to announce a collaboration with TechBA, a business acceleration program funded by the government of Mexico, and Imagination Films, one of Mexico's leading 3D animation studios. Under this collaboration, Network Entertainment President Paul Gertz will produce Imagination Films' next film, tentatively entitled "Upgrade", and Network will work with Imagination Films and TechBA to advance the distribution and ancillary opportunities for the film in the global market.
The collaboration was architected by Federico Goroztieta, TechBA Vancouver CEO, who sought out Mr. Gertz to consult with Imagination Films, one of the companies in his business acceleration TechBA portfolio. "Paul's decades of experience in producing animation, from high budget studio feature films to animated television series, has proven invaluable as Imagination Films lifts their studio to a new level", stated Mr. Goroztieta, "The first step in this evolution is the construction of a new state of the art facility in the city of Queretaro, where Upgrade will be produced."
Imagination Films Founder and CEO Ricardo Gomez, one of Mexico's most innovative and distinguished animation filmmakers, has brought together key joint venture partners from industry, government and academia to create the groundbreaking Animation Development Center in Queretaro. The Animation Development Center will provide artists with the skills required to work in the global animation community, as well as train the crew that will produce Upgrade. "The crew, our financial backers, and our government partners have all been energized by Paul's involvement in Upgrade", says Mr. Gomez, "and we are looking forward to not only his creative contributions, but the marketing and distribution support that Network will be seeking on behalf of the film."
Network's latest production is Stanley's Game Seven, a 3D film produced for the Hockey Hall of Fame which combines original 3D live action filming, photorealistic CGI animation and archival footage. "After just completing our first 3D film, I can attest to the incredible challenges involved, which Ricardo and the talented crew at Imagination Films mastered during the production of their last film," adds Mr. Gertz, "Not only do I know that Upgrade will be a first class animated film, but our Network team is equally confident in our ability to bring wider distribution and ancillary opportunities to the company, while at the same time exposing the world to the wonderful work being done by the Mexican animation industry."
About TechBA: TechBA is a program run by the US-Mexico Foundation for Science (FUMEC) and supported by Mexico's Secretary of Economy, created to help provide access to the most dynamic business ecosystems for small and medium sized technology-based Mexican businesses interested in expanding into global markets. With eight locations in highly technologically competitive environments, its objective is to position Mexico as a world-class technology provider.
About Imagination Films: Formed in 2005 with the goal of producing world-class CGI animation, Imagination Films is Latin America's most technically advanced full stereoscopic 3D animation studio. The studio uses a newly patented workflow system to produce stunning and cost-effective CGI for full length feature films. The company's latest production, the sports action adventure film Z-Baw, was successfully released in theatres throughout Mexico in 2012.
About Network Entertainment: Network Entertainment Inc., founded in 1999 and headquartered in Vancouver, BC, is the operating subsidiary of Network Media Group Inc. It is an established television and film production company with an award-winning international reputation. Network's recent productions include the Academy Award shortlisted feature documentary "Facing Ali", and the feature documentary "I Am Bruce Lee", which set all time ratings records for Viacom. Network's programming has been showcased at marquee film festivals and by broadcasters throughout North America.
Network's past projects and current productions can be viewed at www.networkentertainment.ca
For further information concerning this press release, please email firstname.lastname@example.org
ON BEHALF OF THE BOARD OF DIRECTORS OF
NETWORK MEDIA GROUP INC.
"Derik A. Murray"
Derik A. Murray
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
Except for historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties. Actual results may differ materially. Except as
required pursuant to applicable securities laws, the Company will not update these forward-looking
statements to reflect events or circumstances after the date hereof. More detailed information about
potential factors that could affect financial results is included in the documents filed from time to
time with the Canadian securities regulatory authorities by the Company.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here