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James Cameron Forms 3D Company

Cameron Today at the National Association of Broadcasters Show, director James Cameron and Vince Pace announced they are launching the Cameron-Pace Group, a venture which will advance 3D broadcasting by creating new technology, services, and tools. Deadline reports that the goal of the company is to accelerate 3D across global entertainment platforms, such as live television, sports, advertising, and feature films. Under Pace's company, PACE,  the two men developed the Fusion 3D camera system that was used on the mega box-office hit "Avatar," as well as "Tron: Legacy" and "U2: 3D."

CPG's headquarters will be located in Burbank, California. The Los Angeles Times previously reported that Samsung Ventures has invested $15 million into Los Angeles-based MasterImage 3D. MasterImage will use the funding to develop new 3D technology for movie theaters, tablets, PCs, and mobile phones. The seven-year-old company employs 20 people in L.A. and will hire up to 50 workers for this project. With these two ventues, California is looking like the place for future 3D development.

Pictured: James Cameron (Photo: Getty Images)

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3D sucks. The company will go bankrupt in 2 years time.

How do i get to try out im 10 and need a job.

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