Post-production conglom Thomson is expected to announce today that it has acquired facilities Madrid Film Group and Intl. Recording, respectively based in Spain and Italy, in an effort to expand the global services of its Technicolor brand.
Financial terms of the deal were not disclosed.
Madrid Film is considered the largest film and post operation in Spain. Company has facilities in Madrid and Barcelona and employs 150 staffers.
In addition to traditional film processing and other post-production offerings, the Madrid location offers digital intermediate processing services, which will complement offerings at Technicolor’s Los Angeles, New York and Montreal facilities.
Intl. Recording, a sound house based in Rome, specializes in creating foreign-language versions of films, broadcast television and vidgames. Company has 33 employees.
Film and post-production falls within Thomson’s Digital Content Solutions Division, which provides a variety of post services under the Technicolor brand.
Madrid Film and Intl. Recording will be integrated into Technicolor’s growing sound services capabilities and post-production facilities in Europe once the deals close in the second quarter.
Acquisition of the 80-year-old Madrid Film Group reps the first major Euro expansion outside of Thomson’s existing operations in London and Rome and expands its presence in the burgeoning Spanish film and post market.
Deal for Intl. Recording comes as more Hollywood studios are looking to release their films worldwide day-and-date, thus requiring the creation of foreign-language dubs sooner than before.