Fund to inject $15 million into Korean company
SEOUL — U.S.-based investor Symphony 3D Holdings has acquired South Korea’s 3D imaging systems maker MasterImage.Symphony 3D will inject $15 million into MasterImage, which has been renamed MasterImage 3D. MasterImage has supplied 1,000 of its 3D theater systems to exhibs in 36 countries since it was set up in 2004, as well as enabled more than 300,000 stereoscopic mobile devices. Symphony 3D, which is about to move its headquarters to Burbank, Calif., is a fund focused on investment in the media and technology industries. It also has inked pacts with KDC Corp., an IT manufacturing and service company based in South Korea. MasterImage and KDC have been partners since 2005. Move reflects interest in investing in S3D in the wake of the rapid growth of the format in movies and with S3D TV ready to roll out. Investment opportunities have been scarce, as S3D technology providers are privately held, like RealD, or part of large companies, like Sony. More acquisitions of privately held companies are likely to follow. Korea Content Agency recently appointed KDC subsidiary Realscope to supply 3D cameras to local shingles.
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