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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 Head has revealed an intent to acquire Technicolor s postproduction business for $36.5 million. Expected to close in the first half of the year, the deal is backed by Trive Capital and Five Crowns Capital. ....

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