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Los Angeles, CA-Mar 20, 2007
SHAMROCK CAPITAL GROWTH FUND INVESTS IN REAL D 3-D DIGITAL PLATFORM
Private Equity Firm’s Investment to Fuel Growth of the Leader in Digital 3-D Technology
Michael Lewis, chairman and CEO of REAL D, and Stephen D. Royer, managing director of the Shamrock Capital Growth Fund, announced jointly today that Shamrock, the Burbank-based, private-equity firm, is investing $50 million in REAL D, the leader in digital 3-D technology. Further terms of the deal were not disclosed.
The financing round from the Shamrock Capital Growth Fund will fund the rapid development of REAL D’s delivery systems and support its leadership in delivering lifelike visual images for cinema and beyond. Earlier this month, REAL D announced its acquisition of Boulder, Colorado-based ColorLink, one of the world’s leading inventors and suppliers of photonics-based solutions. This acquisition will significantly enhance REAL D’s product offerings and production capabilities.
REAL D is bringing the premier digital 3-D experience to cinemas worldwide. With over 700 screens in 14 countries currently and 1000 screens expected later this year, REAL D has the world’s largest 3-D platform.
“The Shamrock Capital Growth Fund looks for exceptional opportunities among key domestic media, entertainment and communications companies,” stated Royer. “The 3-D market is at a point of explosive growth, with the rapid adoption of REAL D’s technology by leading theater owners combined with a strong commitment from the studios and an expanding pipeline of 3-D content in production. We believe that REAL D, as an industry leader, will continue its successful brand expansion, and we look forward to facilitating their continued success in energizing the 3-D marketplace,” Royer added.
“We are delighted with this partnership and the significant investment from Shamrock. Their support will be instrumental in REAL D’s exponential growth,” stated Lewis. “Shamrock’s confidence in our platform and business model is a clear message to the industry and consumers that next-generation 3-D is already here and is becoming increasingly available at movie theaters and cineplexes in the U.S. and worldwide.”
The financing round from the Shamrock Capital Growth Fund will fund the rapid development of REAL D’s delivery systems and support its leadership in delivering lifelike visual images for cinema and beyond. Earlier this month, REAL D announced its acquisition of Boulder, Colorado-based ColorLink, one of the world’s leading inventors and suppliers of photonics-based solutions. This acquisition will significantly enhance REAL D’s product offerings and production capabilities.
REAL D is bringing the premier digital 3-D experience to cinemas worldwide. With over 700 screens in 14 countries currently and 1000 screens expected later this year, REAL D has the world’s largest 3-D platform.
“The Shamrock Capital Growth Fund looks for exceptional opportunities among key domestic media, entertainment and communications companies,” stated Royer. “The 3-D market is at a point of explosive growth, with the rapid adoption of REAL D’s technology by leading theater owners combined with a strong commitment from the studios and an expanding pipeline of 3-D content in production. We believe that REAL D, as an industry leader, will continue its successful brand expansion, and we look forward to facilitating their continued success in energizing the 3-D marketplace,” Royer added.
“We are delighted with this partnership and the significant investment from Shamrock. Their support will be instrumental in REAL D’s exponential growth,” stated Lewis. “Shamrock’s confidence in our platform and business model is a clear message to the industry and consumers that next-generation 3-D is already here and is becoming increasingly available at movie theaters and cineplexes in the U.S. and worldwide.”
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