Click here to read the full article.
Streamland Media — the postproduction giant that bought Technicolor Post and Sim Post in 2021 — is continuing its growth with the acquisition of U.S. and Canada-based visual effects business Ingenuity Studios. Terms of the deal were not disclosed.
Ingenuity Studios is headquartered in Los Angeles and also maintains offices in New York, Vancouver and Atlanta, growing Streamland’s footprint in those cities. Streamland’s global portfolio includes Ghost VFX, Picture Shop post business; Formosa Group sound company, and marketing division Picture Head.
Ingenuity Studios provides VFX for feature films, episodic series, music videos and advertising. It has contributed to productions including Many Saints of Newark, Hacks, The Walking Dead and Paper Girls.
Trive Capital and Five Crowns Capital backed the deal. In 2021, the two firms also backed Streamland’s purchase of Technicolor Post for 36.5 million, as well as Sim Post for an undisclosed sum.
Streamland Media — the postproduction giant that bought Technicolor Post and Sim Post in 2021 — is continuing its growth with the acquisition of U.S. and Canada-based visual effects business Ingenuity Studios. Terms of the deal were not disclosed.
Ingenuity Studios is headquartered in Los Angeles and also maintains offices in New York, Vancouver and Atlanta, growing Streamland’s footprint in those cities. Streamland’s global portfolio includes Ghost VFX, Picture Shop post business; Formosa Group sound company, and marketing division Picture Head.
Ingenuity Studios provides VFX for feature films, episodic series, music videos and advertising. It has contributed to productions including Many Saints of Newark, Hacks, The Walking Dead and Paper Girls.
Trive Capital and Five Crowns Capital backed the deal. In 2021, the two firms also backed Streamland’s purchase of Technicolor Post for 36.5 million, as well as Sim Post for an undisclosed sum.
- 8/2/2022
- by Carolyn Giardina
- The Hollywood Reporter - Movie News
Streamland Media, formerly Picture Head Holdings, has announced plans to acquire Technicolor’s post-production business.
Trive Capital and Five Crowns Capital are supporting the deal, which is valued at $36.5 million and expected to close in the first half of this year.
Streamland already owns a range of post-production outfits, including Picture Shop, Formosa Group, Ghost VFX, Picture Head, The Farm Group and Finalé Post.
Technicolor describes the transaction as fitting with the ongoing transformation of the company under new CEO Richard Moat. His goal is to focus more on the visual effects and animation work that precede the final services of color and sound.
Creative studios remaining under the Technicolor tent include Mpc Film, Mr. X and Mikros. In recent years, Mpc Film earned Oscar nominations for its work on The Lion King, The Jungle Book and 1917, winning for the last two of those.
The Technicolor Post business will...
Trive Capital and Five Crowns Capital are supporting the deal, which is valued at $36.5 million and expected to close in the first half of this year.
Streamland already owns a range of post-production outfits, including Picture Shop, Formosa Group, Ghost VFX, Picture Head, The Farm Group and Finalé Post.
Technicolor describes the transaction as fitting with the ongoing transformation of the company under new CEO Richard Moat. His goal is to focus more on the visual effects and animation work that precede the final services of color and sound.
Creative studios remaining under the Technicolor tent include Mpc Film, Mr. X and Mikros. In recent years, Mpc Film earned Oscar nominations for its work on The Lion King, The Jungle Book and 1917, winning for the last two of those.
The Technicolor Post business will...
- 1/14/2021
- by Dade Hayes
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.