Posted On: 11/17/2015 10:42:24 AM
Post# of 96892
DD Concerning Cost...ROYALTIES
The Company has entered into several licensing agreements whereby the Company licenses content with a minimum guaranteed royalty. The Company is responsible for paying royalties to the content owners based on video rentals.
4K
4K Studios is a division of NanoTech setup to facilitate the conversion of traditional 35mm movie prints to 4K Ultra HD digital media. The division was setup and equipped with state of the art film scanners, and editing equipment. The goal of the studio is to provide the media division with content in the new 4K Ultra HD standard and use the services instead of paying minimum guarantees for content acquisition.
The Company has entered into several licensing agreements whereby the Company licenses content with a minimum guaranteed royalty. The Company is responsible for paying royalties to the content owners based on video rentals.
4K
4K Studios is a division of NanoTech setup to facilitate the conversion of traditional 35mm movie prints to 4K Ultra HD digital media. The division was setup and equipped with state of the art film scanners, and editing equipment. The goal of the studio is to provide the media division with content in the new 4K Ultra HD standard and use the services instead of paying minimum guarantees for content acquisition.
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