New enterprise to propel Solotech’s new Media and Leisure Expertise (MET) Division
LOS ANGELES, Dec. 17, 2021 /PRNewswire/ – Martin Tremblay, President and CEO of Group Solotech, is thrilled to announce that Solotech has acquired XR Studios, a full-service company specializing in prolonged actuality, which is comprised of augmented actuality know-how for reside broadcast and digital productions. As a part of the strategic plan, XR Studios will proceed to function as a separate entity and model, progressing its robust trajectory in market management.
With this acquisition, Solotech’s not too long ago created Media and Leisure Expertise (MET) Division will make one other important step in direction of realizing its imaginative and prescient of growing new technological options which can be on the crossroads of three realities: followers and artists, content material producers, and on-line avid gamers. A world-renowned chief within the reside manufacturing trade, Solotech noticed the rising want for reside streaming providers and digital manufacturing, and quickly tailored its providing to help its shoppers and sort out new alternatives.
Positioned in Los Angeles – on the coronary heart of the Leisure Business – XR Studios serves high-end shoppers in a number of segments corresponding to TV, music, Fortune 500 firms, and reside occasions. XR Studios pioneered modern performances corresponding to Katy Perry’s American Idol finale and MTV’s 2020 Video Music Awards. Different notable shoppers embody Billie Eilish, Leon Bridges, Amazon, Verizon, Twitch, and plenty of extra.
“XR Studios helps creatives, businesses, artists, and manufacturing groups obtain their objectives,” says J.T. Rooney, President of XR Studios. “At our core, we’re a gaggle of inventive groups and producers that see the necessity for a corporation that sits in between the know-how and the inventive to assist companions attain the end line on this thrilling new world of prolonged actuality and digital productions”, mentions Rooney. The acquisition of XR Studios additionally brings key expertise and Chief Technical Officer, Scott Millar onboard. Millar has labored on a number of, giant scale worldwide AR initiatives, with a radical focus in set up, engineering, and common AV know-how. He has been instrumental within the founding of the prolonged actuality workflow, collaborating with software program groups corresponding to disguise, Notch, Unreal Engine, and Contact Designer, making Millar a significant professional of this know-how.
This transaction will speed up the trail of Solotech and XR Studios’ visions to develop into the main supplier of prolonged actuality options throughout the globe. “Along with Los Angeles, we plan to open new studios in different thriving markets. Solotech already has an in depth footprint in 18 areas within the U.S., Canada, and the U.Ok. subsequently, the brand new strategically positioned studios shall be supported by robust groups and know-how,” says Tremblay.
Different new members of the MET Division, corresponding to not too long ago acquired Waveform, will construct the power and influence of XR Studios and the general Division. “The enterprise with XR Studios will fill the lacking piece of the puzzle and be the third pillar of our MET Division, including full digital manufacturing and combined actuality options to our high-end reside streaming and esports providing,” says Martin Tremblay.
With the XR trade anticipated to develop at a Compound Annual Development Charge (CAGR) of 30.6% over the following 6 years1, Solotech and XR Studios are on the trail for fulfillment. “We’re trying ahead to this new enterprise and are undoubtedly on the look ahead to much more additions to place our MET Division on the absolute high, so keep tuned! We’re extraordinarily blissful about this chance; this acquisition has been potential with the continual help of our shareholders Claridge, Desjardins Capital and Investissement Québec,” concludes Martin Tremblay.
Based over 40 years in the past, Solotech is a world chief in audiovisual and leisure know-how with 18 strategic areas in Canada, america and within the United Kingdom. Because of a list encompassing over 300 famend producers, Solotech is the only supply for audio, video, lighting, rigging, comfortable items, management and collaboration options and providers. The corporate is internationally acknowledged for its experience in Reside Productions and Programs Integration in numerous markets, specifically music, sports activities, enterprise, tradition and schooling, and is absolutely supported by three main shareholders: Claridge, Desjardins Capital and Investissement Québec. Solotech employs 1,360 professionals in its places of work positioned in Los Angeles, Las Vegas, Nashville, Miami, Orlando, Pensacola, London, Birmingham, Manchester, Toronto, Montreal, Halifax, Ottawa, Calgary, Quebec Metropolis, Saguenay, Macao and Hong Kong.
Discover out extra at: solotech.com
About XR Studios
XR Studios is a modern digital manufacturing firm specializing in immersive know-how for leisure. Recognized for producing Prolonged Actuality (XR) and Augmented Actuality (AR) workflow options, XR Studios executes modern experiences for a few of the most famed artists and types throughout the globe. From idea to completion, XR Studios is a premier, full service options supplier led by a community of creatives and trade leaders on the core of combined actuality know-how for broadcast, reside, and digital productions.
Discover out extra at xrstudios.reside
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SOURCE Solotech Inc.