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Production Services streamlines Portfolio to Strengthen Focus on VFX and Animation with Sale of Technicolor Post

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Production Services streamlines Portfolio to Strengthen Focus on VFX and Animation with Sale of Technicolor Post
PRESS RELEASE

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 industry, and creative services and technologies ....

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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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Technicolor Post to be acquired by Streamland Media

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

Richard Moat , Technicolor Production Services , Farm Group , Technicolor Post , Streamland Media , Trive Capital , Five Crowns Capital , Mikros Animation , ரிச்சர்ட் அகழி , தொழில்நுட்ப வண்ணம் ப்ரொடக்ஶந் சேவைகள் , பண்ணை குழு , தொழில்நுட்ப வண்ணம் போஸ்ட் , ஐந்து கிரீடங்கள் மூலதனம் , மைக்ரோஸ் இயங்குபடம் ,

Technicolor : Production Services streamlines Portfolio to Strengthen Focus on VFX and Animation with Sale of Technicolor Post

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

United States , France General , City Of , United Kingdom , Stephanie Varlotta , Richard Moat , Christophe Le Mignan , Angelo Gordon , Julien Farre , Bain Company , Production Services , Goldman Sachs , Overall Group Trading , Wharton School , Gordon Co , University Of Pennsylvania , Mcgill University , New Year Update , Strengthen Focus , Technicolor Post , Board Observer , Streamland Media , Chief Executive Officer , Mikros Animation , Episodic Visual Effects , Little Mermaid ,

Streamland Media Announces Intent to Acquire Technicolor Post Business from Technicolor

Streamland Media Announces Intent to Acquire Technicolor Post Business from Technicolor
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Streamland Media , Picture Head Holdings Llc , Formosa Group , Technicolor Post , Five Crowns Capital , Post Production , Farm Group , Trive Capital , படம் தலை ஹோல்டிங்ஸ் லல்க் , ஃபார்மோஸ குழு , தொழில்நுட்ப வண்ணம் , தொழில்நுட்ப வண்ணம் போஸ்ட் , ஐந்து கிரீடங்கள் மூலதனம் , போஸ்ட் ப்ரொடக்ஶந் , பண்ணை குழு ,