Reliance Mediaworks Partners Japan’s Imagica Corp – To provide Film Restoration, Image Processing and HD Conversion Services
Filed under: Arts, Asia-Pacific, Business, JVs, New Media, Software, Technology
Mumbai/LA/Tokyo; March 17, 2010 – Reliance MediaWorks Ltd., India’s fastest growing film and entertainment services company and a member of the Reliance ADA group has concluded an Memorandum of Understanding (MOU) with IMAGICA Corp, Japan’s largest lab and post-production company that has provided high-quality one stop services, from shooting to distribution, since its foundation in 1935.
Under the alliance, the companies would provide Film Restoration, Image Processing and Enhancement and HD Conversion services to Japanese Broadcasters and Studios.
IMAGICA Corp. offers a comprehensive range of services such as film processing and printing, inter-media transfer, digital and optical composite, VFX, CGI, editing and sound services, DVD authoring and duplication, and image restoration, etc. The company also leads the market with high quality services for Digital Intermediates, Digital Cinema, Stereoscopic 3D, and Blu-ray disc authoring. Read more
Contango Oil & Gas Company Announces Investment in Alaskan Mineral Exploration
Houston–(Business Wire)–Contango Oil & Gas Company (NYSE Amex: MCF) announced today that its wholly-owned subsidiary, Contango ORE Company (“CORE”), has agreed to invest up to $3.0 million to conduct mineral exploration activities on approximately 580,000 acres of Alaska Native and State of Alaska lands located in interior Alaska (“Mineral Exploration Lands”). CORE purchased a 50% ownership from a private company for $1.0 million, together with our commitment to invest the next $2.0 million of capex to fund the expenses associated with the initial mineral exploration phase on this acreage. CORE and its partner will share expenses on a 50/50 basis thereafter and each will own a 50% working interest burdened by an approximate 5% overriding royalty interest. Read more