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Technicolor Post Business Merges Into Streamland Media On May 1

Technicolor Post Business Merges Into Streamland Media On May 1
hollywoodreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hollywoodreporter.com Daily Mail and Mail on Sunday newspapers.

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Technicolor Sells Post-Production Business 'To Focus On VFX And Animation'

Here are the details:
Technicolor Post is to be sold to Streamland Media for €30 million (USD$36.4 million). Its services will continue uninterrupted, and Streamland Media says employees will remain at the unit. The deal is expected to close in the first half of this year.
Based in L.A., Streamland Media is the parent company of various post-production business, including Formosa Group, Picture Shop, Ghost VFX, Picture Head, The Farm Group, and Finalé Post. Technicolor Post will be integrated into its portfolio.
Meanwhile, Technicolor retains its powerhouse vfx and animation units The Mill, MPC, Mr. X, and Mikros Animation. Between them, they operate studios in L.A., New York, Chicago, Toronto, Montreal, London, Paris, Adelaide, Bangalore, and elsewhere. ....

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Postproduction Shake-Up: Technicolor's Post Business to be Sold to Formosa Group's Parent Company for $36.5 Million

January 14, 2021
11:02am PT
by
Carolyn Giardina
Postproduction Shake-Up: Technicolor s Post Business to be Sold to Formosa Group s Parent Company for $36.5 Million
Courtesy of Streamland Media
Streamland Media CEO Bill Romeo.
With the deal, Technicolor a century old brand that has been synonymous with motion pictures effectively exits key aspects of the business.
In a deal that shakes up the postproduction landscape, Streamland Media formerly Picture Head Holding and the parent of leading audio post facility Formosa Group as well as companies such as Picture Shop and Picture Head has revealed an intent to acquire Technicolor s postproduction business for $36.5 million. Expected to close in the first half of the year, the deal is backed by Trive Capital and Five Crowns Capital. ....

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LPC West and Geyser Holdings Acquire Creative Office and Entertainment Campus at 959 Seward, the Center of Hollywood's Original Content Production

LPC West and Geyser Holdings Acquire Creative Office and Entertainment Campus at 959 Seward, the Center of Hollywood's Original Content Production
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