Technicolor to Sell Post-Production Business for $36.5 Million

Labor News, Industry News

Reprinted from The Los Angeles Times by Wendy Lee on January 14, 2021.

Technicolor, the storied technology and visual effects company, said Thursday that it will sell part of its post-production operation to Streamland Media of Los Angeles for nearly $36.5 million.

The sale of Technicolor Post, which handles sound and color finishing services, is expected to close in the first half of the year.

Streamland supports films, as well as episodic and interactive entertainment, through its businesses including Picture Shop, Formosa Group, Ghost VFX, Picture Head, Farm Group and Finalé Post. Those companies provide services such as picture and sound finishing, visual effects and marketing. …

LA Times 1/14

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About Jeffrey Burman 857 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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