Lionsgate
LGF, a leading global entertainment company, and Samsung Electronics
Co., Ltd., are partnering to expand the availability of popular theatrical
titles in 3D for the home entertainment market, the two companies announced
today from the Consumer Electronics Show (CES) in Las Vegas, Nevada.
Utilizing Samsung's proprietary 3D image processing technology, the two
companies will kick off the partnership by delivering new 3D versions of the
Lionsgate action films GAMER, CRANK, and BANGKOK DANGEROUS as well as the
horror/thriller hit THE DESCENT. In addition to these popular films, a number
of other theatrical titles are in the pipeline for 3D conversion and
release. The companies are launching their initiative with popular titles that
have already demonstrated success on DVD, Blu-ray Disc, EST and VOD platforms.
"The home entertainment market is ripe for a premium technology like 3D, and
consumers have consistently demonstrated their willingness to pay for added
value," said Lionsgate President of Worldwide Television and Digital
Distribution Jim Packer. "Lionsgate is committed to being an innovator in
enhancing the quality of the home entertainment experience for our consumers,
and Samsung is an ideal partner to help us fill the release pipeline with
commercially exciting films in the best 3D picture quality."
"As an innovative market leader in TV, Samsung continues to invest in building
a robust 3D home entertainment ecosystem that appeals to consumers who enjoy
high-quality 3D in their homes," said Senior Vice President Kyungshik Lee of
Visual Display Business, Samsung Electronics. "Lionsgate's vast, high-quality
content library, coupled with Samsung's advanced 3D image processing
technology, will provide the best 3D viewing experiences to Samsung Smart TV
consumers."
The announcement was made against a backdrop of rapid 3D growth in the
consumer home entertainment marketplace, with three times as many 3D enabled
Blu-ray Disc releases in 2012 than in 2011 and 3D television households nearly
doubling from 3.5 million in 2011 to an estimated 6.4 million in 2012.
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