In addition, the parties have agreed on a capped ten-year earn-out for Nozon founders based on PresenZ future financial performance, taking effect after Starbreeze has recouped 2 MEUR of its investment. During the earn-out period, Starbreeze will pay a percentage on certain of its revenues benefitting from the PresenZ technology.
Since 1998, Nozon has steadily grown to become a well-known, award winning and established reference in VFX quality thanks to the company’s artistic approach and strong R&D development. Clients trust Nozon every day to achieve complex VFX and 3D animation in their products.
Further innovating and honing their skills, Nozon in 2015 introduced PresenZ, a revolutionary technology for immersive virtual reality (VR) movies. PresenZ allows for interactive parallax in virtual reality and delivers high quality blockbuster computer graphics (CG) with true immersive feeling. Interactive parallax is a technique to enhance viewers’ perception of perspective and view depth, adding to the immersive feeling.
By joining the Starbreeze family, Nozon will instantly be part of Starbreeze technology offering and a solid part of the VR ecosystem.
“PresenZ technology for multiple virtual reality applications will allow for room scale scanning and virtualization, and high quality computer graphics rendering at almost movie level polygon counts. The technology’s parallax capabilities will greatly complement the high fidelity of the StarVR HMD with its 210-degree field of view,” said Starbreeze CEO Bo Andersson Klint.
“The future of VR is undefined but it is easy to imagine with this technology, where a space can be scanned and rendered in high quality CGI, the applications where you could render a space like the Louvre in Paris or Saint Mark’s Basilica in Venice, and provide interactive guided tours. Additionally, one could potentially use computer graphic assets from a blockbuster Hollywood movie to create a cinematic VR experience.”
To complete the deal, the Board resolved to issue 1,048,842 B-shares under its mandate from the AGM, based on a market share price determined at SEK 23.1 and an exchange rate of 9.6913. The issue represents 0.3% of the capital and 0.1% of the votes on a fully diluted basis. After the transaction, the total number of B-shares in Starbreeze is 218,382,124.
The founders of Nozon will have industry standard lock-in agreement attached to the shares, equally distributed over three years. The ongoing VFX business of Nozon will have a limited but positive impact on Starbreeze revenue and profit from day one. In 2015, Nozon had revenues of 2.3 MEUR…
…To get a bunch of relevant informations regarding digital innovations for communications, cinema, broadcast – and also to develop your network – Save the date for Screen4ALL Forum in October for a 2-day overview around 3 topics (2016 themes : 360° VR IMMERSION – NEW PROFESSIONS AND PRACTICES IN THE DIGITAL INDUSTRY – ULTRA HD). The forum also offers 360 / VR appointment dedicated to the creation with the 360 FilmFestival!
In the meantime, join the # Screen4ALL and #360FilmFest community on social networks:
Twitter: @ screen4allforum
For more information visit: www.screen4all.com
And for more information about Nozon, watch Screen4ALL video interview of Matthieu Labeau Responsable du développement commercial de Nozon (in French!) in Screen4ALL Media Center > http://buff.ly/2ggVltW