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Warner, Gulfstream Pictures and Redrover $ 200 Million deal

Warner Bros. has signed an exclusive first-look deal with Mike Karz and Bill Bindley’s new film production and financing company, Gulfstream Pictures. The $ 200 Million two-year pact will start with an initial multimillion-dollar development fund from Korean 3D stereoscopic company Redrover Ltd. and a consortium of U.S. private equity funds.

Gulfstream plans to produce and co-finance two films per year, starting with The Nut Job,” a $45 million animated feature directed by Peter Lepeniotis for Redrover and Toonbox Entertainment, a Toronto-based animation studio, which becomes a sister company to Gulfstream.

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3D Film Mart Deadline Extended to September 14

The 3D Film Mart (3DFM), now in its 2nd edition, is the first European co-production market for stereoscopic-3D (S-3D) movies. The 3D Film Mart was developed by 3D Stereo MEDIA in association with TWIST and Peacefulfish.

The event will take place on December 4-5, 2012 in Liège, Belgium during the 3DStereoMedia conference.

The deadline for projects submission, originally scheduled at August 31, 2012, has been extended to September 14, 2012.

What is 3D Film Mart?

The co-production market works as follows: Producers of 3D contents (for cinema, TV, ...) who have projects for S-3D contents (feature, documentary, animation, alternative content, ...) at an early stage of development, and are looking for financing, are invited to submit their projects to the market.

Since the primary goal of the market is to boost the production of quality 3D content and to be educational, 3DFM strongly encourages producers that lack experience in S-3D but are successful in 2D movie making - or in some other form of art - to submit their first S-3D project, thereby using the market as a way to get up to speed in the demanding world of 3D!

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International 3D Society merges with 3D@Home

To better serve the growing global theatrical, television, video game, and mobile 3D marketplace and professional community, the International 3D Society (I3DS) and the 3D@Home Consortium today announced plans to merge operations and activities. With members in 20 countries and chapters in China, Japan, Korea, Europe, the UK and North America, the new organization will be known as the International 3D Society & 3D@Home. The Merger was ratified by both organizations’ leadership and is effective immediately.

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Cameron Pace Group Opens Office in China

"Avatar" director James Cameron and 3-D photography guru Vince Pace's company Cameron-Pace Group has announced that it will set up a China headquarters in the city of Tianjin, a move to promote stereoscopic 3D technologies among Chinese filmmakers, broadcasters and game designers.

James Cameron, who was in China for the 2nd Beijing International Film Festival that kicked off on April 23, signed a cooperation deal for Cameron Pace Group with representatives from Tianjin Binhai New District and Tianjin North Film Group. Cameron and Pace led the creation of the 2009 stereoscopic 3D sci-fi blockbuster "Avatar", which grossed nearly 2.8 billion U.S. dollars at the global box office.

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Buying RealD Shares Now a Good Idea?

Today, shares of RealD (NYSE:RLD) have crossed bearishly below their 10-day moving average of $12.65 on a volume of 186K shares at the New York Stock Exchange. Over the past year, RealD has traded in a range of $7.85 to $15.97 and is now at $12.36, 57% above that low.

Potential upside of 41.2% exists for RealD, based on a current level of $12.36 and analysts' average consensus price target of $17.45.


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