New Medium Enterprises Inc. (OTCBB: NMEN) provides global High Definition (HD) medium solutions using Red Laser Technology and DVD industrial infrastructure with technology ideal for the video gaming industry and software developers.The company’s Versatile Multilayer Disc (VMD) technology is a multilayered disc equipped with the capability to store large data, about 10 times that of a standard DVD. This eliminates the need for multiple discs to store and build data – the technology is applicable for the recording and playback of HD video.
Earlier this week, New Medium announced it signed a content deal with film distributor Scanbox Entertainment at the Cannes Film Festival in France to ensure that Scanbox will be the leading supplier of HD VMD films across the Scandinavian territory for blockbuster Hollywood titles such as Saw 2, Lucky Number Slevin and more.
“Officially announcing the VMD pioneer for Scandinavia, Scanbox has been one of our successful highlights of the Cannes Film Festival event. Scanbox’s involvement with VMD strengthens the European need for affordable High Definition content now rather than in the future,” said Executive Vice-President of New Medium Alexander Bolker-Hagerty in a press release.
Shares of New Media were slightly down Friday morning, trading at 27 cents.