Technicolor Acquiring Laser Pacific
Phil Lelyveld
Entertainment Technology Center
[Excerpt]
Technicolor is acquiring Hollywood-headquarted post house Laser Pacific, which offers feature, television, restoration and visual effects services. The deal is expected to close in August for an undisclosed sum.
Paris-headquartered Technicolor—which is scheduled to report its first half 2011 results on July 28—offers services for the creation, management and delivery of entertainment content, ranging from postproduction to Blu-Ray authoring and digital cinema distribution.
… In related news, Technicolor is announcing today that selling its New York assets to PostWorks while entering into a licensing agreement with that company to effectively share resources in New York. …
Read the full story here: http://www.hollywoodreporter.com/news/technicolor-acquires-laser-pacific-216164
