Business
Digital Life Pioneer Pulse Evolution Gets $10 Million Investment by China’s Original Force Animation and Shanghai U9 Game
Digital Life Pioneer Pulse Evolution Gets $10 Million Investment by China’s Original Force Animation and Shanghai U9 Game.
About this update from Pulse Evolution Corp
[{"type":"text","content":"\n \n Pulse Evolution Corporation (OTC:PLFX), a recognized pioneer and leading \n developer of hyper-realistic digital humans for entertainment, virtual \n reality, augmented reality and artificial intelligence, today announced \n that Original Force Computer Animation Co. Ltd (“Original Force”) and \n Shanghai U9 Game Co. Ltd (600652:SHH) (“U9 Game”) have combined to \n invest $10 million in Pulse common stock, at a valuation of $1.00 per \n share. Both Original Force and U9 Game are backed by Chinese \n digital-entertainment giant, Tencent Holding Limited (0700:HK), a \n $200-billion global conglomerate whose subsidiaries include Internet, \n mobile, instant-messaging and music-distribution companies.\n \n \n Commenting on the new venture, John Textor, executive chairman of Pulse \n Evolution, said: “We are certainly pleased to have the support of \n Original Force, and its Chairman Harley Zhao. We have great respect for \n their commitment to story-based content and we share a belief that the \n greatest of stories deserve the very best in visual imagery.”\n \n \n Mr. Textor continued, “We are also excited to have further validation of \n our technology from Shanghai U9 Game and its CEO Liang Liu. Digital \n humans are pervasive across the game space and we will enjoy the \n opportunity to upgrade the standards of digital life with such an \n impressive and fast growing video game company.”\n \n \n The investment is part of a larger strategic relationship through which \n Original Force and U9 Game have become the first licensees of Pulse \n Evolution’s market-leading human animation software. Original Force will \n now benefit from Pulse Evolution technology in its principal business of \n feature animation filmmaking, while U9 Game will deploy the technology \n in the character based applications of its high-growth video game \n business. Both Original Force and U9 Game have also become partners of \n Pulse’s affiliated entertainment production companies, bringing global \n distribution support and complimentary video game expertise to Pulse’s \n primary live concert productions which are currently in development.\n \n \n The principals of Pulse Evolution exploded onto the pop culture radar \n with the computer generated animation of Tupac Shakur, projected i...