US-based Symphony 3D Holdings has acquired Korean 3D solution provider MasterImage Co. Infused with a $15m investment, the company has been renamed MasterImage 3D, LLC and moved to headquarters in Burbank, California.
Founded in 2004 by Younghoon Lee, MasterImage’s 3D theatre system has been installed in 36 countries on six continents.
The company’s 3D solutions cross a variety of platforms including stereoscopic and auto-stereoscopic products for mobile devices, medical imaging, plasma and LCD displays, as well as theatre systems.
By January 2010, the company will have approximately 1,000 theatrical 3D systems installed worldwide and have enabled over 300,000 auto-stereoscopic mobile devices which let viewers experience 3D content without using glasses.
MasterImage conducts all research, development and manufacturing in Korea. The company is focusing on expanding and diversifying its markets worldwide and has new manufacturing agreements with KDC Corporation, a KOSDAQ-listed IT manufacturing and service company based in Korea.
“Since our launch, MasterImage has been committed to providing superior products that create the best immersive 3D viewing experience. This investment will allow MasterImage to reach a new level of commercial success equal to our advanced 3D solutions,” said Lee.
California-based Symphony 3D Holdings is a fund focused on investing in the media and technology industries, with a particular interest in the advancement of the 3D industry. Founded in 2009, the holding company has invested in several companies.