Some takeaways: Ntek has contact with over 60% of
Post# of 96879
Ntek has contact with over 60% of shareholders.
93 million votes. All items voted on were approved.
Long side settled payment soon.
3DCH and K2 also settling soon.
Buybacks are partially for a cache of sharesfir staff and acquisitions.
Comms will be weekly updates and quarterly calls.
$250 K for audits to be done when profits can support it.
Hisense is keen to deepen relationship.
Iron dragon TV and REVTV will be monthly subscription and content in HD.
ID looking for 100k users by 2019, REVTV 175k users.
Bridgeport providing 21m funding starting this month.
Looking to acquire studio in LA for coloring/HDR. Technology development to stay in Bay Area.
Cost of delivering movie to home down from $.65 to 12 cents.
4k studios to recolor entire library.
Every title on ultraflix will be HDR this year.
Focusing on PPV because of high quality of product would require too high a monthly subscription for market to bear.
N America and s America make over 60% of hisense market to focus will be there.
Ultraflix better quality than all others.
Target audience is 30-50yo males so content will likely focus on that demographic,
Ultraflix will moveveadily into 8k when time comes.
4k studios can remaster, Ultraflix can show and studios can leave with remaster to revive old libraries on dvd and Blu-ray.
1.2 mil set aside for marketing.