AMPD Ventures Inc. signed definitive agreement with Zhejiang Versatile Media Co Ltd. to market and supply the Versatile Virtual Production System to the world. Versatile, in conjunction with its North American subsidiary, Versatile Media Inc., based in Vancouver BC, has developed a leading edge virtual production system that has been `built by film makers for film makers.' The Versatile Virtual Production System is a robust, end-to-end suite of technology solutions that offers many advantages over current virtual production workflows that will help accelerate the paradigm shift towards real-time, in-camera visual effects and environments.

In virtual production, video game engine technology, such as Epic Games' Unreal Engine, is used to display digital environments complete with many visual effects already in place, on large LED walls or in virtual reality environments. Creative teams can adjust elements such as the time of day and lighting, and place assets such as digital characters and scenery into a scene in real time while they shoot actors performing in front of the screens. The process enables creative teams to ensure their vision is being realized in real time without needing to wait months for post-production teams to add visual effects to green-screen based shoots.

The Versatile Virtual Production System offers a range of additional features and technical improvements that appeal directly to film makers, such as higher performing LED panels running at increased framerates and resolutions with a patented control system that facilitates intuitive depth of field adjustments and precise lighting controls, in-built camera tracking, and no camera frustrum for full resolution shoots.