President and CEO of Sony, IMAX, and Discovery
Communications Joint Venture to Provide Strategic Counsel for
NanoTech Entertainment
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing
the 4K Ultra HD experience to consumers, announced today that Tom
Cosgrove, an entertainment industry veteran and pioneer in digital
UHD production, has joined NanoTech’s Content Advisory Board.
Leveraging his extensive content and brand experience, Cosgrove
will advise NanoTech in several key areas.
Cosgrove, president and CEO of the Sony, IMAX, and Discovery
Communications 3net joint venture, has been instrumental in
dramatically increasing the services’ audience reach. In just two
years, 3net programming became available to more than 40 million
U.S. households across five program distribution affiliates,
including DIRECTV, Comcast, Service Electric Cablevision and
Netflix. In addition, he has spearheaded numerous global
programming partnerships with top-tier international platform
providers and production companies, and most recently, has led the
joint venture’s foray into original, digital 4K content production
and distribution. Cosgrove also serves as the Chairman of the
International 3D and Advanced Imaging Society.
Prior to leading the joint venture, Cosgrove served as Executive
Vice President and Chief Operating Officer for Discovery Channel.
Before that, Cosgrove served as General Manager of Science Channel,
where he initiated a global rebranding of the channel and had
direct oversight of network programming, development, production
and marketing as well as business and brand strategy. He joined
Discovery Communications as Senior Vice President of Programming
for several of the company’s most visible channel brands.
Previously, Cosgrove served as General Manager for TV Guide
Channel, where he had direct oversight of content and brand
strategy. Cosgrove also held senior management positions at ABC
Family, Fox Family, Fox Kids, and Fox Broadcasting, spanning live
sports, programming, acquisitions, marketing, research, sales,
operations, and affiliate relations. Cosgrove holds an MBA and B.A.
from the University of Wisconsin.
Analysts agree that the two factors influencing the success of
4K technology are widespread adoption of 4K UHD TVs and the
availability of 4K content. According to presentations made at the
recent 2014 SID Business Conference to kick-off Display Week, UHD
TV is poised for dramatic growth. IHS Inc. co-sponsored the event
under the tutelage of Sr. Director Sweta Dash, who reported that 4K
TVs are forecast to sell up to 15M sets in 2014, up from just 3M
TVs in 2013. That’s moving from 1% to 6% TV market share this year
(2014). IHS reported the category is expected to grow in 2015 to
36M, then 49M, 60M, 69M UHD sets by the end of the forecast period
in 2018.
“These are exciting times for 4K UHD technology and NanoTech is
building a dynamic programming network featuring a diverse,
on-going pipeline of compelling 4K content,” said Cosgrove. “Until
now, most people thought you needed a lot of bandwidth and storage
to deliver high-quality 4K content. 4K video with uninterrupted
viewing can now be delivered at under 10Mbps by NanoTech, which
makes 4K Ultra HD available to most North American and European
internet subscribers today.”
“Tom has a tremendous success record in advancing new trends in
the entertainment industry and we’re very pleased that he has
agreed to advise our team,” said Aaron Taylor, EVP of NanoTech
Entertainment. “With a world class team of experts on our Content
Advisory Board, we have raised the bar in offering continued
expansion of the world’s largest library of streaming 4K VOD
network.”
About UltraFlix
UltraFlix, the world’s first dedicated 4K Ultra HD
IPTV/OTT network is available now on the Nuvola NP-1, and will be
available on a variety of other 4K Ultra HD devices and TV’s later
this year. With its vast library of pristine 4K Ultra HD content,
UltraFlix subscribers will be able to choose from more than 300
hours of sci-fi, action/thriller, comedy, drama and family movies
as well as knock-your-socks-off extreme sports videos, concerts, TV
shows, special events and moving murals in addition to 100 hours of
free content.
About NanoTech
Entertainment
Headquartered in San Jose, CA NanoTech Entertainment is a
technology company that focuses on all aspects of the entertainment
industry. With six technology business units, focusing on 3D,
Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the
company has a unique business model. The company has a diverse
portfolio of products and technology. NanoTech Gaming Labs operates
as a virtual manufacturer, developing its technology and games, and
licensing them to third parties for manufacturing and distribution
in order to keep its overhead extremely low and operations
efficient in the new global manufacturing economy. 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. NanoTech is redefining the role of developers and
manufacturers in the global market. 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, UltraFlix, ProFlix UHD, NanoFlix,
NanoTales, NanoBooks, Nuvola NP-1, Nuvola NP-C, Nuvola GP-1, Nuvola
RF-10, Nuvola NP-H1, Nuvola SC-1, 4K Studios, Magic Screen 3D,
Clear Memories and associated logos are trademarks of NanoTech
Entertainment, Inc. All rights reserved. All other marks are the
property of their respective owners. “The Future of Television” and
“The Future of Entertainment” are service marks of NanoTech
Entertainment, Inc., All Rights Reserved
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for NanoTech EntertainmentAgency ContactAndy Marken,
408-986-0100andy@markencom.comorInvestor ContactChristian Hansen,
858-381-4677chhansen@nanotechent.com
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