Tuesday, November 23, 2010

TV5 owner buys 30% of Unitel Group as part of expansion move

Mediaquest Holdings Inc., the owner of TV5, acquired 30 percent of a production company controlled by businessman Tony Gloria in a bid to expand its operations in the entertainment industry.

Mediaquest said in a statement that it made an investment in the Unitel Group, which includes Unitel Productions, Straight Shooters and a new technology group to be formed, and planned to infuse more capital to create “visually exciting images.”

“Unitel’s production experience in both television commercials and content work, plus its leadership in moving images production, strongly complements our growing requirements at Mediaquest group, specifically TV5,” Mediaquest president and chief executive Ray Espinosa said in a statement.

Unitel, a television commercial production house, has the most number of projects done in the region, either on its own or through co-production arrangements.

The production company, which consistently uses the latest technology, has brought in the country’s first video assist and high-definition shoot to post technology. The Phantom Hi-speed camera and a Virtual Studio System are the latest addition to its production equipment.

The Virtual Studio System is the technology used for TV5 programs’ opening billboards. It will also be used in some segments of the new Batibot shows that will air in TV5 later this month.

Source: Manila Standard Today - by Jeremiah F. de Guzman

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