NanoTech Entertainment is adding television, IPTV and mobile video to its portfolio of entertainment businesses, under a partnership with private-investment firm FS Global Capital.
The Las Vegas-based company, in a promise-filled news release, said it would be entering the TV markets with "revolutionary new proprietary technology as well as distinctly fresh original content."
"NanoTech's customer base will explode as the viewing public will not rely just on satellite and cable providers, but instead utilize the Internet and mobile networks to watch NanoTech's video-on-demand content," the company said in a news release.
FS Global Capital gets a stake in the private media company as part of its partnership which "gives us exclusive rights to the most innovative proprietary IPTV technologies for new entertainment platforms including Roku, Apple (Nasdaq: AAPL) TV and the latest crop of smart TVs from Samsung Samsung (OTC: SSNLF) and LG (KRX: 003550)," CEO Jeffrey Foley said in the news release.
According to the release, the NanoTech technology leverages a unified base code so a channel need only be coded once before being deployed on multiple platforms. The expandable system is also compatible with Apple and Android smartphones and tablets as well as Windows, Mac and Linux Web browsers.
The service will be funded by "ongoing revenue streams from advertising on original TV shows and subscriptions of on demand and pay-per-view content," Foley continued. "Moreover, NanoTech will further develop and license this and other television technology to content providers helping to create the next generation of television, streaming video and video-on-demand applications. We have technology and content for everything from your television to you mobile phone."
Foley said that the company will back up his boasts with "several major announcements based on this acquisition as we release our original programming and form new strategic alliances. We are delighted to be uniquely positioned to provide our proprietary cloud-based technology to other content providers from around the world."
NanoTech Media, he concluded, "is the future of television."
For those unfamiliar with NanoTech, the Las Vegas-based concern has three business units focusing on gaming, media and IPTV and mobile apps.
- see the release
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