Academy Award®-Winning Digital Production Studio Joins Forces with 360° Immersive Technology Provider to Create Cutting-Edge Interactive Experiences

April 02, 2015 10:00 AM Eastern Daylight Time

LOS ANGELES–(BUSINESS WIRE)–Digital Domain Holdings Limited and Immersive Media have entered into a joint venture to create IM360, a partnership that brings together their industry-leading expertise to create ground breaking immersive entertainment. Digital Domain Holdings Limited is the parent company of Visual Effects studio Digital Domain, the creative force behind some of Hollywood’s biggest blockbusters, including “Iron Man 3,” the Transformers trilogy, “Maleficent,” the X-Men franchise and “Titanic.” Immersive Media creates fully immersive video experiences for companies like Disney ABC, American Express, Converse, Turner Broadcasting and Mountain Dew. With the new partnership, the two companies will change the landscape of visual content creation. The partnership immediately provides groundbreaking client-side applications and collectively the studios will pursue opportunities on the forefront of immersive video and virtual reality programming.

“New visual experiences are exploding across the world, impacting advertising, television, film and gaming, and Immersive Media have been at the forefront for years,” said Daniel Seah, Chairman and CEO, Digital Domain Holdings Limited. “To drive the content revolution, it’s crucial for us and our partners to be ahead of the curve. Immersive Media shares our vision of innovation, and this joint venture allows us to combine our unique complementary strengths.”

An Academy Award®-winning visual effects house with more than 20 years of experience in the motion picture industry, Digital Domain has lent its artistry to thousands of commercial, video game and music video productions. Digital Domain facilities include the state-of-the-art virtual production studio responsible for the Virtual 2Pac that debuted at the Coachella Music Festival. More recently at the 2015 Sundance Film Festival’s New Frontier exhibition, Digital Domain’s work on the first photo-realistic, fully CGI rendered, 3D virtual reality film “Evolution of Verse,” debuted, which is also available for download via iOS and Android. With the Immersive Media partnership, Digital Domain looks to expand beyond computer-generated films into live action VR filmmaking.

“We are thrilled to be partnering with the talented people at Digital Domain,” said Myles McGovern, President and CEO, Immersive Media. “It’s an exciting time for virtual reality and Immersive’s IP is essential in the growing VR space. The combination of these innovative companies will make immediate impact on the rapidly changing world of VR entertainment.”

Immersive Media recently launched a 360° virtual reality solution that includes a playback application, distribution network and content for head-mounted displays. The company also created the imLIVE platform which allows for the capture, production, stitching and publishing of virtual reality and high-resolution spherical video content, available on-demand or streamed live to mobile devices, VR headsets, broadcast and the web. Immersive Media technology was used in the acclaimed Taylor Swift Blank Space interactive music experience as well as CONAN360, which lets fans enjoy Conan O’Brien’s comedy show in 360 degrees.

About Digital Domain

Founded in 1993, Digital Domain (“original Digital Domain”) delivered innovative visuals for more than 100 movies including “X-Men: Days of Future Past,” “Iron Man 3,” “TRON: Legacy” and “Titanic.” Its artists earned multiple Academy Awards®. A creative driving force in media applications, original Digital Domain brought its artistry to thousands of commercial, video game and music video productions. The original Digital Domain also created digital humans for concert performances and co-produced the feature film “Ender’s Game.” From facilities in California and Vancouver, British Columbia, Canada, including its own state-of-the-art virtual production studio, the Digital Domain 3.0 Group (consisting of Digital Domain 3.0, Inc., Digital Domain Productions 3.0 (BC), Ltd. and Mothership Media, Inc.) enables the creation of extraordinary visual images in traditional entertainment and advertising.

Visit Digital Domain on the web at www.digitaldomain.com

About Immersive Media

Immersive Media is the pioneer and leading provider of 360°, full-motion, interactive video experiences. Immersive Media’s patented imLive Platform and full production services create high-resolution, immersive video for a variety of applications, delivered on mobile, desktop, broadcast, Oculus Rift and Gear VR. From branding and entertainment to mapping and defense, Immersive Media customers and agents produce the deepest, most engaging video experiences possible.

Visit Immersive Media on the web at www.immersivemedia.com

About Digital Domain Holdings Limited

Digital Domain Holdings Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 547). Digital Domain Holdings is a diversified investment holding company with its operating and investment businesses spanning Hong Kong, the US, Canada, Mainland China and other countries, encompassing such businesses as media entertainment, visual effects production, co-production of movies, property investment, trading, etc.

On 4 July 2013, the Group acquired Digital Domain 3.0 Group comprising Digital Domain 3.0, Inc., Digital Domain Productions 3.0 (BC), Ltd., and Mothership Media, Inc. Digital Domain 3.0 Group has a history of about 20 years and has manifested itself as the leading digital production company. As one of the biggest VFX service providers in the US media industry, it is mainly engaged in the production of VFX, animations and movies.

The Group will continuously explore business opportunities in our new domain of business, and will pursue other strategic investments, to create benefits for its shareholders and investors and to develop more business opportunities with greater potential.

Visit Digital Domain Holdings Limited on the web at http://www.ddhl.com/

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Catalyst For Growth Conference

catalyst for growth logo                                 womens enterprise centre logo

Have your say and learn how to feel like the bright capable person that others think you are!

We’re pleased to promote Women’s Enterprise Centre on an exciting and collaborative event to provide dialogue, celebration and inspiration. Following on from the highly successful BC Economic Forum held in Vancouver in October 2014, the Catalyst for Growth Event in Kelowna combines a lively working forum, a networking lunch and world-renowned expert on overcoming the Impostor Syndrome, Dr. Valerie Young. We are bringing together community voices for economic growth and to equip business leaders with the skills to step up and be more effective.

The Kelowna Catalyst for Growth Event is on May 22, 2015. Women and men are welcome - join us to help advance the conversation into action strategies for growth! Seating is limited. Register today or learn more at www.catalystforgrowth.ca

Catalyst for Growth Event Details:

May 22, 2015

8:00 am – 4:30 pm

Capri Hotel – Main Ballroom
General public: $79 (before May 1) | $99 (after May 1)
Tickets: Catalystforgrowth.ca/Register
Full url: http://www.catalystforgrowth.ca
Short url: Catalyst4Growth.ca

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Kelowna CEO a 'catalyst'

Laurel Douglas, CEO of the Kelowna Women’s Enterprise Centre, was recognized by the Vancouver Board of Trade with the inaugural Wendy McDonald Award.

The award was given in the community catalyst category and presented April 8 in Vancouver.  

The awards were created in memory of the former president of BC Bearings Engineers Ltd. A force in Canadian business and a pioneer for women in leadership, McDonald left an impression on the board when she became its first female chair in 1990.

Douglas was chosen as the recipient based on her work through the Women's Enterprise Centre during the past 10 years. She and her team have assisted thousands of women entrepreneurs to start, grow and succeed in their business.  

A non-profit organization funded in part by Western Economic Diversification Canada, Women’s Enterprise Centre is celebrating its 20th anniversary in 2015. Since Douglas joined as CEO in 2004, it has provided business loans and leveraged financing of more than $45.7 million to business owners in B.C. and has helped create or maintain more than 2,000 jobs.

“Under the strong leadership of Ms. Douglas, the Women’s Enterprise Centre has successfully become the leading business resource centre for women who are, or are considering, starting, purchasing or growing a small business in B.C.,” said Michelle Rempel, minister of state for Western Economic Diversification.   

Douglas is the only person from outside the Lower Mainland to be recognized with a Wendy McDonald award so far.

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Community Futures Central Okanagan Celebrates 25th Anniversary

Community Futures Development Corporation of Central Okanagan (CFDCCO) is pleased to announce that 2015 is the organization's 25th Anniversary. During the past 25 years, volunteers, staff, contractors, partners and clients of Community Futures have helped to shape Central Okanagan community development. "2015 will be a celebration of this success", states Barbra Johnston, Chairperson for CFDCCO, herself a client of Community Futures back in 1992. "Without early support from Community Futures, I am sure I would not be in business today and employing 80 people at Natures Formulae Health Products Inc." "Volunteering and leading CFDCCO is my way of giving back to the community that helped me to be successful" explains Barbra. "I look forward to hearing more testimonials from some of the thousands of people that CFDCCO has helped to start and grow their businesses".

During 2015, CFDCCO is planning to profile and publicize some of the clients from the past 25 years. If you would like to share your Community Futures stories with us, please contact our General Manager, Larry Widmer at 250-868-2132 ext. 223 or by email This email address is being protected from spambots. You need JavaScript enabled to view it..

A Golf Tournament in September is also being planned for all of those interested in a fun afternoon and party to follow so look forward to hearing more details in the coming months.

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Venture Okanagan Investor's Forum

Venture Okanagan

VO SPRING INVESTORS FORUM - Thursday April 9th, 2015

Venture Okanagan Investor Forum is hosted during the Spring and Fall of each year. Guests learn of exciting new businesses in the Okanagan as hand selected entrepreneurs pitch their business to investors, business leaders, and the VO community. Presentations are followed by a fully catered networking reception where the top presenter is awarded a cash prize, after careful review of a panel of judges. With live music, delicious appetizers, and a chance to personally connect with the entrepreneurs, guests are always eager to return to the Venture Okanagan Investors Forum year after year.

Keep up to date with the latest news from Venture Okanagan via our Facebook page

Tickets for the event are available for purchase here: vospring2015.eventbrite.ca
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Rackforce Sells For $33M

Original article by | Castanet Story: 135605 - Mar 19, 2015 / 7:00 pm

Canada's largest enterprise cloud service provider is about to be sold.

RackForce Networks, which provides services for national and international clients from its Kelowna-based GigaCentre has entered into a share purchase agreement with TeraGo Inc.

Under terms of the sale TeraGo will acquire 100 per cent of issued and outstanding shares of RackForce for aggregate cash considerations of $31 million plus $2 million in common shares of TeraGo.

The acquisition is expected to close on, or about, March 27.

The purchase will increase TeraGo's data centre footprint from 40,000 to 58,000 square feet of raised floor space and available power from 6MW to approximately 13MW.

"The RackForce acquisition provides TeraGo with a growth platform in the attractive cloud services industry and helps further position TeraGo as a leading national end-to-end data solution company," says TeraGo’s president and CEO Stewart Lyons.

"RackForce will complement our business and transforms TeraGo into Canada's premier enterprise class network, data, voice and cloud services provider."

RackForce serves multiple high value enterprise customers across numerous verticals, including federal and provincial governments, and education. RackForce’s top-25 customers generate average monthly revenue of over $17,000.

"We recognize the value, expertise and experience RackForce exhibits as a proven cloud partner for enterprise clients running mission-critical applications," Lyons continued. "We warmly welcome RackForce professionals and we are excited to enter into a new phase of our business at TeraGo."

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CFDCCO Employment Opportunity

Community Futures Central Okanagan has a full time job opening for our Entrepreneur Program Assistant position. Click here for the job description.

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