VGTel, Inc. (OTC: VGTL) said that it has secured its first licensing deal for Adrenaline Rush 4K, one of the films in VGTel´s newly acquired library of IMAX-format 4K Ultra High Definition movies.
In November, VGTel announced that it started the digital scanning of a series of award-winning IMAX-format films for release in the new 4K Ultra High Definition Format. Last week, on January 30, 2014, VGTel´s distribution partner, Los Angeles-based K2 Communications, agreed to terms for a licensing deal for Adrenaline Rush 4K with the Oregon Museum of Science and Industry (OMSI). A definitive agreement is forthcoming.
This is the first time Adrenaline Rush will be exhibited in 4K resolution. The film is slated to premiere at OMSI on February 20, 2014 and will run for 12 months. VGTel will receive a revenue percentage of tickets sold.
VGTel, Inc. is a multi-platform company offering products and support in the entertainment industry and is focused on a strategy of growing and building business units through investments and acquisitions. For further information, go to www.360entertainmentandproductions.com.