Tired of watching 3-D movies in theaters? How about watching 3-D films and sporting events on your smart phones — without the glasses?
That's the vision of L.A.-based MasterImage 3D Inc., a Hollywood company that announced Tuesday that it had received a $15-million investment from Samsung Ventures, a division of the South Korean consumer electronics giant that recently introduced its own 3-D television sets.
The infusion will allow MasterImage to develop new 3-D technology for mobile phones, tablets, PCs and movie theaters, the company said in a statement.
Founded in Seoul in 2004, MasterImage has 20 employees in Hollywood and 100 others around the world. An additional 40 to 50 workers will be hired as a result of the new investment, said Chairman and Chief Executive Younghoon Lee. That would be a welcome boost to Southern California's post-production sector, which has been hit hard by job losses in recent years.