LOS ANGELES, Nov. 9, 2011 (GLOBE NEWSWIRE) -- Empire Post Media, Inc. (OTCBB:EMPM) has finalized third party financing of $1,500,000, to be used for the production of the television series "Journey Beyond", currently being produced by Empire's wholly owned subsidiary, Hybrid-Reality Entertainment. The series, which will be distributed globally by The Fremantle Corporation, deals with psychic and paranormal events and will be shot in 3D for delivery in both 2D High Definition and 3D.
"This financing will greatly accelerate our production activities, especially in the area of reality television programming," stated Peter Dunn, CEO of the company. "Both reality television and 3D content for the small screen are experiencing tremendous growth, with more growth projected for the future as the 3D process becomes more refined and cost effective. With the increasing growth of literally hundreds of channels worldwide, cost-effective reality programming has become a dominant component of most broadcast schedules.
"At the same time," Dunn continued, "networks are increasingly looking ahead to the evolution of 3D television in the home. Sony Electronics estimates that by the end of 2012 one out every 2 TV sets sold will be 3D capable. In a world of consumers facing economic uncertainties, we have found that historically, the entertainment industry is one of the most resilient, in that entertainment is a great diversion from real world issues of the day.
"This financing is consistent with the company's policy of using third party funding sources on a profit sharing basis for all productions. This policy insures that production financing will not dilute the current shareholder base," Dunn added.
ABOUT EMPIRE POST MEDIA
Empire Post Media is an entertainment company pursuing opportunities in the television field, bringing cost-effective production methodology and 3D technology to established television genres, using market demand to stimulate production. The company focuses on three key areas in the television industry: post-production services; 2D to 3D conversion; and the creation, development, production, and marketing of 3D television programming.
Further information about Empire Post Media can be obtained from the company's web site, www.empirepostmedia.com.
www.hybridrealityentertainment.com
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