Ubiquity Inc. (fka UBIQ)

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UBIQ Announces Plan to Spin-off Ubiquity Studios and Create a New Company

Ubiquity, Inc. - a vertically integrated, technology-focused media company, announced its intention to spin-off Ubiquity Studios - the company's broadcasting studio business.

Ubiquity CEO Chris Carmichael said: "Our successful, long-term business development strategy for Ubiquity Studios has created new opportunities and growth for this business. Ubiquity Inc.'s Board is in agreement that the current success, and expected scale of the studio business warrant a separate strategy and the status as a stand-alone entity."

Along with top-of-the line facilities and infrastructure, and current production services the Studios have top notch immersive virtual reality capabilities, and are in the process of developing mixed reality and holographic content. Virtual reality services are increasingly in demand and it is anticipated that virtual reality will be a key driver of the facility's growth.

Recently, Ubiquity Studios became the home of SKEE TV, DJ SKEE's flagship cable-TV show on Fuse, which gives viewers insider access to the hottest musical artists, athletes, celebrities and cultural tastemakers via exclusive interviews and live performances in 73+ million homes.

"We are excited to have access to the incredible studios at Ubiquity, and look forward to using them to push the boundaries of content creation, including virtual reality," stated DJ SKEE. The Studios are collaborating to integrate immersive virtual reality components for the broadcast. As part of this, SKEE TV is launching its first virtual reality programming with Vantage.TV, who most recently partnered with Coachella this Spring for Coachella VR.

Ubiquity Studios are recognized as the premier place to create cross-platform digital entertainment content. The studios have more than 30,000 square feet of digital production space and boast premium amenities including three large and luxurious fiber linked and air-conditioned sound stages, along with unparalleled state-of-the-art camera equipment, lighting pre and post production facilities. The Studios have been optimized to develop, shoot, edit and distribute immersive 2D, 3D have intensified its virtual reality productions. The facilities are an excellent venue live events and commercial shoots and are available for video production and, editing projects.

https://finance.yahoo.com/news/ubiquity-inc-announces-plan-spinoff-120000692.html