LG Electronics has made a strategic seed investment in Mo-Sys Engineering, a leading company in virtual production and image robotics. This investment signifies LG’s commitment to the future of virtual production and its recognition of Mo-Sys's comprehensive approach to the field. LG has acquired a non-controlling minority stake in Mo-Sys.
The investment will primarily support Mo-Sys's research and development efforts, focusing on the development of next-generation virtual production technology. LG's investment underscores the company's recognition of Mo-Sys's holistic approach to virtual production, which encompasses not only the development of cutting-edge tools and technologies but also the provision of an academy and the promotion of more efficient filmmaking workflows.
"We are delighted to have LG’s support as we continue to innovate in the field of next-generation virtual production technology," said Michael Geissler, CEO of Mo-Sys Engineering. "Their investment will enable us to enhance our R&D efforts, drive sustainability, and create more efficient production solutions."
"We’re excited by this new partnership, and by the unique value we’ll be able to deliver to customers through combining LG’s mastery of display technology with Mo-Sys’s expertise in virtual production solutions," commented Paik Ki-mun, Senior Vice President and Head of the Information Display Business Unit of LG Business Solutions Company.
Mo-Sys has been recognized for its sustainable practices, which enable filming with less travel and reduced environmental impact. The company is set to establish a premier virtual production hub at London's Plumstead PowerStation, where filmmakers can collaborate with researchers to explore the possibilities of virtual production.
This partnership signifies a commitment to both revolutionizing virtual production technology and fostering environmental sustainability. Both Mo-Sys and LG are dedicated to creating a greener future for the film and broadcasting industries.