AMPD Ventures Inc (CSE:AMPD, OTCQB:AMPDF) has announced that its subsidiary AMPD Technologies (Canada) Inc has signed an agreement with Magnolia Quality Development Corporation Ltd (MQDC), a property development company in Thailand, to offer consulting services for their new next-generation Metaverse content production initiative, which is intended to be Asia's largest.
MQDC is building a large-scale mixed-use project with retail, office, and hotel in the Sukhumvit Innovative District of Bangkok in Thailand that will include multiple amenities such as a public park, a tech village, a mini theatre, halls for events, conferences or concerts, education hubs and eSport ecosystems.
AMPD will be consulting on the technical and studio infrastructure requirements to design and build a world-class Creator Studio, utilizing the expertise of its subsidiaries AMPD Technologies Inc and Departure Lounge Inc, the company said.
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“The computing infrastructure, in combination with Virtual Production and Volumetric Capture stages work synergistically to facilitate the creation of next-generation digital content for film, television, games, and the Metaverse. We are very excited to be involved in a project with such a grand scale," AMPD CEO Anthony Brown said in a statement.
The Creator Studio is expected to house a combination of a cutting-edge virtual production LED stage and a Departure Lounge media production studio that will help make Thailand the centre of the future of Metaverse and film production in Asia.
“The AMPD teams have the experience and proven ability to build world-class facilities like Volumetric Capture Stages and LED Virtual Production Sound Stages,” said MQDC senior vice president Paul Sirisant.
“Their involvement in the development of our largest project will help ensure the completion of our vision to build the largest content production house in Asia,” he added.
MQDC’s property developments are based on the latest technology and innovations in sustainable property. The company has focused on becoming a global leader in innovative property development since its establishment in 1994.
AMPD Ventures is building the world’s best suite of tools and technologies for digital content creation and distribution. Through its operating subsidiaries, AMPD Technologies and Departure Lounge, the company is advancing the way content is created and consumed.
Contact the author at jon.hopkins@proactiveinvestors.com