NanoTech Entertainment, Inc. (OTCMKTS:NTEK) got a thumbs up from investors after it announced its new deal with the Paramount Pictures. As per the agreement, the company will add the global hit movie “G.I. Joe Retaliation” to its UltraFlix all Ultra HD network. As per the announcement, the movie will be available on the network in April 2015 itself.
Addition of G.I. Joe
The announcement has given a pause to the long spell of red sessions on the company. The agreement with the Paramount Pictures points to the company’s effort to seek constantly and upgrade its 4K content library. It is because of the company’s endeavors that UltraFlix has gained the position of biggest library featuring premium 4K content, across the world.
Apart from adding more movies into the network, NanoTech Entertainment, Inc. (OTCMKTS:NTEK) has kept in mind to diversify its offerings on the platform. As a result of which, the network offers content from various categories that aim to suit the needs of every individual. The company has prepped up its library with categories such as sports, drama, family, romance, movies and more. The idea is to deliver the best and diverse content to the viewers, who do not return disappointed.
During the press note, NanoTech Entertainment, Inc. (OTCMKTS:NTEK)’s Executive Vice President of Sales & Marketing, Aaron Taylor said that they are pleased and excited to add another visually stunning movie to its network.
Combination Of Technologies
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) delivers an uninterrupted 4K viewing experience to its audience by combining a range of technologies, ranging from video compression to adaptive streaming and intelligent bandwidth management. Further, the company aims to transmit the video to its viewers with a bandwidth of under 8 Mbps, as a result of which, the company has been able to reach most of the North American and European internet viewers today.
The stock of NanoTech Entertainment, Inc. (OTCMKTS:NTEK) surged by 15.60% to $0.0163 on Thursday, while 10.55 million shares traded during the session.