Grizzly Adams Productions, a family- and faith-based production company with offices in Loveland, on Thursday announced a $200 million deal with San Diego-based 3-D production studio Pass moreLab to convert 500 of its feature films, television series and documentaries to 3-D format.
“All the pre-prep work will be done in Loveland with the digital masters,” said David Balsiger, vice president of marketing and a senior producer at Grizzly Adams. “And it’s a seven-year project, so when we get the first 500 done, we do have a second batch of 500.”
The companies decided to jump into the burgeoning 3-D market early, given the success of 3-D films such as “Avatar” and the ongoing conversion of several older titles (“Star Wars,” “Titanic”) to the format.
The companies arranged funding through a combination of private placements and internal financing, according to Variety magazine, and will split revenue with Grizzly Adams, which is contributing $250,000 and will handle the titles’ marketing and distribution.
The conversion process will be slow and expensive, according to Grizzly Adams, but once completed, the company will boast one of the largest 3-D libraries in the world that can be supplied to cable-TV stations and DVD retailers.
The company, which also has offices in Oregon and Idaho, has maintained its video library as well as marketing, editing and post-production facilities in Loveland since 1998. It has a combined workforce of anywhere from 10 to 20 employees depending on the project.
John Wenzel: 303-954-1642 or jwenzel@denverpost.com
