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

  • Ellen Degeneres Racism

    Entertainment Leaders Set to Celebrate Special Olympics 50th Anniversary

    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 […]

  • Lauren Sivan

    Accuser Lauren Sivan Reacts to Harvey Weinstein's Arrest: 'He Should Be in Jail'

    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 […]

  • Netflix Reed Hastings

    Netflix Stock Closes at All-Time High, Nudging Market Cap Ahead of Disney's Again

    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 […]

  • Mario Batali

    Mario Batali's Three Las Vegas Restaurants to Close Following Harassment Allegations

    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 […]

  • Hollywood's Magic Castles Head to China

    Hollywood's Magic Castles Head to China

    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 […]

  • GWYNETH PALTROW AND BRAD PITTBRAD PITT

    Gwyneth Paltrow Says Brad Pitt Threatened to 'Kill' Harvey Weinstein Over Alleged Harassment

    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 […]

  • Is Spotify Walking Back Its Anti-Hate

    Is Spotify Walking Back Its Anti-Hate Policy?

    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