You will be redirected back to your article in seconds

Vidfilm buy fuels Technicolor growth

Co. moves into digital services arena with acquisition

HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab.

Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm acquisition follows the company’s opening of digital mastering lab Technique last October.

Terms of the Vidfilm transaction were not disclosed, but Glendale, Calif.-based Vidfilm, which employees 340 staffers at its facilities in Los Angeles, New York, London and Singapore, now will be managed by Technicolor and operate under the Technicolor Creative Services umbrella, headed by prexy Bob Beitcher.

VOD, streaming added

Besides traditional audio and video post-production services, Vidfilm offers video-on-demand, Internet streaming and DVD authoring, which is expected to enhance Technicolor’s suite of services.

Vidfilm’s existing management team, including prexy-CEO Richard Andrews, will continue to handle day-to-day operations of the company.

Among Vidfilm’s major customers are Disney, Sony, Universal, Fox, Miramax and Warner Bros. Vidfilm had revenues of $50 million in 2001, and the acquisition will be immediately accretive for Thomson.

More Biz

  • Al Franken Kathy Griffin

    Al Franken Cut from PBS' David Letterman Special

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

  • Russell Simmons, Bret RatnerVANITY FAIR OSCAR

    Brett Ratner and Russell Simmons Accused of Working Together to Carry Out Sexual Misconduct

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

  • get out Oscar Race

    'Get Out' Awards Category Dilemma: Film Defies Easy Labels, Cast Says

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

  • David Hoberman and Todd Lieberman Mandeville

    Media Access Awards Honor Hollywood for Depicting People With Disabilities

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

  • This, photo shows the 21st Century

    Sony Pictures Joins 21st Century Fox Hunt as Deal Talk Spreads Across Biz

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

  • Songs for Screens Powered by Mac

    Songs for Screens: Exclusive Premiere From Poo Bear and T-Bone Burnett; The Avalanches Hit The Slopes With North Face (Listen)

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

  • India’s PVR Buys Stake in iPic

    India’s PVR Buys Stake in iPic U.S. Luxury Theater Chain

    HOLLYWOOD — Thomson Multimedia has acquired Vidfilm Intl. Digital as part of the media conglom’s efforts to expand Technicolor beyond its operations as a film processing lab. Technicolor is aggressively trying to move into the digital services arena with hopes of being able to manage all areas of digital entertainment production and distribution. The Vidfilm […]

More From Our Brands

Access exclusive content