Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Film pioneers again choose Wellington

Film pioneers again choose Wellington

Wellington has, again, proved to be the city of choice for international film pioneers. Global film and technology start-up, 8i, have announced today that they have chosen to base their headquarters in Wellington.

8i is pioneering a whole new way of recording and experiencing content using the Oculus Rift virtual reality head-mounted display. We call this new medium Holographic Virtual Reality™.

The public have become fans of 3D technology but continue to seek more immersive experiences. With 8i’s Holographic Virtual Reality™ people will be able to watch immersive recorded content at home using the Oculus Rift.

“It’s like stepping into a movie, it feels like magic” said Linc Gasking, Co-Founder and Chief Executive Officer of 8i.

This technology is set to revolutionise movie-making and media watching experiences.

“Over the last 100 years we’ve gone from images, to moving images, to sound, to colour to stereoscopic 3D. 8i’s technology offers another major leap forward in the evolution of media,” said Gasking.

8i is to acquire deep technology that has been two years in development with very positive and substantial commercial applications.

“8i now intends to transition this secret sauce into a commercialisation phase and we are pleased to announce that Sparkbox Ventures, New Zealand’s leading early stage investor, have confirmed their intention to invest,” says Gasking.

A string of international 3D blockbusters have been made in Wellington, including The Hobbit Trilogy and Avatar. 8i’s decision to base its headquarters in Wellington is a reflection of the quality of talent and technology that has been developed in the movie making-capital over the last decade. 8i are assembling a world-class team in Wellington.

“Wellington is the perfect place to scale this company. There are so many world leaders in visual effects and digital media here. Wellington is the 3D capital of the world,” says Gasking.

Grow Wellington Chief Executive, Gerard Quinn, says the region is fast developing a reputation for being a leader in high tech, "Wellington has the greatest number of New Zealand's fastest-growing high tech businesses and is a hub for this thriving, collaborative and dynamic sector. That's bringing top talent to the region and Grow Wellington is working hard to ensure more and more talented people overseas know of the exciting opportunities here.”

Connect for more information or to working at 8i at 8i.com

- ENDS -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news