Postproduction Shake-Up: Technicolor's Post Business to be Sold to Formosa Group's Parent Company for $36.5 Million
January 14, 2021 11:02am PT by Carolyn Giardina Postproduction Shake-Up: Technicolor's Post Business to be Sold to Formosa Group's Parent Company for $36.5 Million Courtesy of Streamland Media Streamland Media CEO Bill Romeo. With the deal, Technicolor — a century old brand that has been synonymous with motion pictures — effectively exits key aspects of the business. In a deal that shakes up the postproduction landscape, Streamland Media — formerly Picture Head Holding and the parent of leading audio post facility Formosa Group as well as companies such as Picture Shop and Picture Hea...
Source: hollywoodreporter.com