Technicolor acquires Laser Pacific http://tinyurl.com/3v8vxfd
While shoring up its d-cinema distribution business with its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks.
Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy St. in Manhattan and enters an exclusive franchise agreement with Technicolor. The facility will be branded PostWorks Technicolor and will get access to Technicolor’s proprietary color science and post workflows.
The Laser Pacific facilities will be rebranded as Technicolor and their employees will become Technicolor employees.
Further consolidation of the high end of postproduction in the LA and NY markets.