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Monday, March 10, 2008

Owned Entertainment Announces ‘Own3D’ Movie To Be Theatrically Released In 3D

Courtesy of Owned Entertainment, Inc.:

(03/10/2008) AUSTIN, Texas -- Owned Entertainment, Inc. announced today the MMA based movie “Own3D” Will be released theatrically in both 3D as well as 2D. The movie will be shot using the same camera technology used in the U2 3D concert as well Hannah Montana 3D which made $29 million opening weekend on only 600 screens averaging $42,460 per screen. 3D technology is not the same as the gimmicks of past and Hollywood has taken notice. Movies shown in 3D average three times as much per screen at the box office as regular releases and are shown using the latest innovations in technology. The technology allows for release on Imax 3D, Real D as well as Dolby 3D screens. Mr. Hergott’s first movie “All That I Need” was shot on a shoestring budget yet was released theatrically in Regal, Edwards and United Artist multiplexes nationally. Hergott comments; “With a predicted 7000 screens in 3D by 2009, but only a handful of 3D releases per year, there is a huge demand for more 3D content. By shooting the movie in 3D we can bring the audience into the action. Owned Entertainment wants to be on the forefront of where the future of the industry is headed.” ‘Owned’ 3D release version will be marketed as Own3D with a ‘3’ taking place of the inverted ‘E’.

Jeffrey Katzenberg, CEO of DreamWorks Animation, recently commented on 3D: "3D has the opportunity to be the most important innovation in film since the use of color in motion pictures. 90% of all piracy comes from a camcorder aimed at the screen. You can't 'camcorder' 3D movies. All Dreamworks animated movies from 2009 on will be created and shown in 3D." Investors are also beginning to take notice. Shamrock capital growth fund recently invested $50 million in Real D technology. Managing director Stephen Royer commented “The 3-D market is at a point of explosive growth’.

About ‘Own3D’

‘Own3D' (the movie) is an exciting action thriller set in the world of MMA that will be theatrically released in both 2D and 3D. We will be looking for a combination of talented actors and MMA fighters for the movie. Recently announced fighters for the movie include Dean Lister, Jason Mayhem Miller, Cung Le, Shonie Carter, Din Thomas and Mauricio ‘Shogun’ Rua and Murilo ‘Ninja’ Rua. For more information on the ‘Own3D’ movie visit mmamovie.com, ownedentertainment.com and the official ‘Own3D’ myspace at http://www.myspace.com/ownedentertainmentinc. For information on auditioning for ‘Own3D’ you simply text the word ‘AUDITION’ to phone number 41513. Standard texting rates apply but there are no additional charges. ‘Own3D’ was recently announced as the official movie of NAMMAE, the largest MMA trade show in North America.

About Owned Entertainment

Owned Entertainment, Inc. has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. The company engages in investing, producing, and distributing full-length feature films as well as TV projects, video games and other entertainment entities. Along with its controlling equity interest in 'All That I Need,' released in theatres December 2005 and released on DVD February 2006, there are several other projects in the making, including: 'The Other Side' and 'Descendant,' written by Damir Catic and Eric Alfio, the action thriller set in the world of Mixed Martial Arts 'Own3D' by James Hergott, 'Brothers' by Tarquin Gotch (whose credits include 'Home Alone,' 'Curly Sue,' 'Ferris Bueller's Day Off') and the Reno 911-type comedic take-off on the popular 'The Ultimate Fighter' TV show entitled 'Fight House.' Our mission at Owned Entertainment, Inc. is to produce high quality and highly enjoyable feature films that will be widely distributed in the mainstream media markets. The corporate offices for Owned Entertainment, Inc. are in Austin, Texas with additional offices in Southern California. Owned Entertainment, Inc. has recently announced adding an Interactive Entertainment division to focus on video game development.

Owned Entertainment, Inc.
James Hergott, President