Page 2 - Technicolor Post News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

The deal is expected to close in the first half of 2021, and doesn’t include Technicolor owned creative brands The Mill and MPC

PRESS RELEASE                   Technicolor New Year Update:      Production Services... | January 14, 2021

TECHNICOLOR: Production Services streamlines Portfolio to Strengthen Focus on VFX and Animation with Sale of Technicolor Post Technicolor New Year Update: CEO share purchase New Board Observer appointed Paris(Euronext Paris: TCH; OTCQX: TCLRY) announces today (i) that Streamland Media is purchasing the Technicolor Post business, subject to customary closing conditions, (ii) a share purchase by the CEO and (iii) the appointment of a new Board Observer. Richard Moat, Chief Executive Officer of Technicolor, stated: "Today's announcements reaffirm our commitment to a stronger future for Technico...

Paris (France), 14 January 2021 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today (i) that Streamland Media is purchasing the Technicolor Post business, subject to customary closing conditions, (ii) a share purchase by the CEO and (iii) the appointment of a new Board Observer. Richard Moat, Chief Executive Officer of Technicolor, stated: “Today’s announcements reaffirm our commitment to a stronger future for Technicolor. The strategic sale of Technicolor Post is part of our long-term vision for Production Services to focus on VFX and animation for the entertainment i...