4MC listen to name, founders
Four Media on Tuesday said it has acquired Los Angeles-based Digital Sound and Picture for $7.2 million in cash, a move that expands the post-production service provider’s sound editing offerings.The Burbank-based company will incorporate DSP’s proprietary technology and high-speed digital audio network to provide a broad range of sound services for television series and feature film clients. DSP’s sound mixing technology was recently used on “Austin Powers: The Spy Who Shagged Me.” The company also provides sound services for TV series “Xena: Warrior Princess.” Founders, name remain Company founders John Ross and Nancy Ross will continue to run DSP, and will assume additional responsibilities involving sound operations at 4MC. DSP is expected to continue operating under its current moniker. “This transaction broadens our client base and increases our service capabilities,” said Robert Walston, chairman and CEO of 4MC. “In addition, DSP significantly enhances our technical expertise in sound services. We intend to expand DSP’s digital networking capability and proprietary technology to our other sound facilities, which will enable greater flexibility for our clients as well as more efficient capacity utilization.” DSP marks the company’s second major acquisition in a month. It expanded its international operations with the acquisition of U.K.-based post-house TVP for $10 million last month. The company owns post houses Company 3, Encore and Anderson Video. It also operates f/x houses POP and Digital Magic.