FilmFunds Acquired California based Duran Dubois U.S
FilmFunds, one of the leading crowdsourcing ventures directed towards movies has recently forayed into the 3D conversion business by acquiring Duran Duboi U.S, a VFX and post-production house based in California.
Founded in 2002 by Christian Paris, Duran Duboi U.S has been successful in developing a software that converts 2D Films and Toons into 3D in real-time. This software is named 3D LiveFlix.
As a result of the deal, FilmFunds would be able to poll movie fans to find out which movies they want to see in 3D and would then offer conversion services to studios as well as Hulu, Amazon, Netflix and other digital players.
Based in Los Angeles, the company helps filmmakers to post their synopsis and other marketing material on the website of FilmFunds as well as its mobile app. It then lets members of its community give their feedback on the material to the filmmakers. FilmFunds has a rapidly growing online community and according to its chairman and co-founder, Mr. Carl Freer, they have a goal of reaching out to 60 million moviegoers in the U.S.
Mr Freer has stated that the intention behind acquiring Duran Duboi US, is to offer filmmakers and other people in the industry with a place which can serve as the one stop shop for them.
Carl Freer, the visionary co-founder of FilmFunds said “We are looking to help content distributors evaluate the market for 3D Conversion and decide what movies to convert”. Mr Freer said that they would be operating on a simple model-they would either charge the content owner for the 3D conversion services or we fund it ourselves and share the revenues with pay-per-view websites.
Christian Paris would be the Vice President of FilmFunds. The veteran in the post-production industry says that the 3D Liveflix technology can be use to convert a catalog of 600 titles in just one week. He has also pointed out that the technology works best on home video titles. The 3D LiveFlix Technology has been recently used to convert ‘Conan the Barbarian’.
FilmFunds is also bidding for Duran Duboi, a Paris based VFX and animation shingle which is part of the Quinta Industries. The company was placed in bankruptcy last week.
Christian Paris has stated that the bid is awaiting approval by the French authorities. If approved, the company would continue on current on-going projects like “The Boy with the Cuckoo-Clock Heart” Produced by Luc Besson.
