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27.MAY.04 / Announcement
ACQUISITION OF HOLLYWOOD-BASED MOTION CAPTURE STUDIO OMG, a leading supplier of motion capture and visual geometry systems used for life sciences, entertainment and engineering applications, announced today that it has acquired the business and assets of House of Moves LLC ("HOM"), for a consideration comprising: Based in the centre of the movie and game production district of Los Angeles, California , HOM is one of the leading independent motion capture studios and has extensive experience of major Hollywood film productions including Titanic, television programmes, commercials, games titles and music videos. Regular customers include: Microsoft, Electronic Arts, Sony Computer Entertainment, Sony Pictures Imageworks, Digital Domain and other leading film producers and game developers. The acquisition coincides with HOM expanding into a new 12,000 square foot facility to create the world's largest dedicated motion capture studio. This will provide a showcase for the latest technology and motion capture techniques and the opportunity for closer collaboration and development of new products aimed at the entertainment sector. In addition to the provision of services, HOM has developed DIVA, a motion capture workflow animation software product, now used by leading movie and games development companies including Industrial Light + Magic, Sony Pictures Imageworks and Sony Computer Entertainment. For the twelve months ended 31 December 2003, HOM had revenues of £1,125,000 and a profit before tax of £25,000. As at 31 December 2003, HOM's net assets were £16,000. Julian Morris , CEO, commented: "House of Moves is both geographically and by reputation at the heart of the global entertainment industry. For OMG this acquisition is a highly significant diversification into the service sector of this market. It extends Vicon's dominance of motion capture all the way from the design and manufacture of high-performance cameras to the production of animation and visual effects." For further information, please contact: Julian Morris, Chief Executive, julian.morris@omg3d.com
Tim Thompson, Buchanan Communications
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