C-3D Digital Acquires Strata Assets for Strategic Fit in 3D Content Offering

Strategic Insights -

C-3D Digital, Inc. has significantly enhanced its content capabilities by acquiring the security interests in the technology and principle assets of Strata Inc., a premier name in 3D computer graphics. This strategic move is expected to add eye-popping 3D effects to C-3D's growing content, currently shown on its 24-hour 3D channel. The acquisition will also grant C-3D access to one of the best 3D technologies in the industry and a vast network of creative production artists worldwide who rely on Strata's software.

Key Takeaways:

  • C-3D Digital, Inc. has acquired the security interests in the technology and principle assets of Strata Inc., a leading provider of 3D computer graphics.
  • The acquisition will enhance C-3D's content capabilities, allowing for the addition of eye-popping 3D effects to its growing content on the 24-hour 3D channel.
  • C-3D will gain access to Strata's 3D tool line, which has been used in prominent films like "Contact," "The Fifth Element," and "Batman Forever," as well as in prominent TV shows and computer games.
  • Strata's annual historical revenue has been in excess of $3 million, and the company will be a significant addition to C-3D's top line.
  • The terms of the acquisition were not disclosed, and the transaction is subject to the enforcement of C-3D's security interest in the technology.
  • Evans and Sutherland exchanged their security interest in Strata Corp. for an equity position in C-3D Digital Inc.
  • C-3D Digital, Inc. is an advanced technology-oriented company in the communication and entertainment industries, offering 3D entertainment technology and exclusive 3D programming to satellite and cable TV subscribers.

Statistics:

  • Over $3 million annual historical revenue for Strata, a significant addition to C-3D's top line.
  • C-3D Digital, Inc. acquired security interests in the technology and principle assets of Strata Inc.
  • Evans and Sutherland exchanged their security interest in Strata Corp. for an equity position in C-3D Digital Inc.
  • Strata's 3D tool line has been used in prominent films like "Contact," "The Fifth Element," and "Batman Forever."
  • Annual revenue for Strata has been in excess of $3 million for several years.

Sources:

  • C-3D Digital, Inc. press release, dated April 5 /PRNewswire/
  • Evans and Sutherland press release, exact date not specified
  • C-3D Digital, Inc. SEC filing, form 8-K report