Digital pioneer closes doors
TOPEKA, KS — QuVIS, a pioneer in digital cinema, laid off 29 employees and closed its doors this week. The company is $40 million in debt and its president and founder is trying to find a way to reorganize.
Founded in 1994, QuVIS digitized several hit movies, such as “Toy Story II,” “Bounce,” “Shrek” and “The Perfect Storm,” in its proprietary QPE format.
However, when the Digital Cinema Group adopted the JPEG2000 format as its standard, QuVIS stayed with its proprietary, more expensive, systems, which greatly hurt the company.
Read more in the Topeka Capital-Journal.