MONTREAL — Technicolor is strengthening its position in the Canadian post-production industry by acquiring Toronto-based Command Post for C$18 million ($13 million).
Standard Broadcasting, Dome Prods. and other shareholders representing more than 98% of Command’s equity stakeholders have inked lock-up agreements with Technicolor, per Command on Tuesday.
Command Post, founded in 1986, operates under the names Alphacine and Toybox, and is one of Canada’s leading video/audio/film post-production companies.
With visual effects, audio and laboratory facilities in Toronto and Vancouver, Command Post had revenues during the past 12 months of approximately $26 million.
Technicolor, owned by French media company Thomson, already has the largest post-production facility in Quebec and opened the largest film-release print lab in the world in Mirabel just north of Montreal in 2002. The lab can print 5 million feet a night and services four studios: Warner Bros., Disney, DreamWorks and Universal.
“This acquisition is an important step in the continued expansion of Thomson’s post-production and film services within the Canadian market and — given the high-level of feature film, commercial and television production activity in this region — will increase the post-production and laboratory options available to filmmakers and broadcasters,” Thomson senior executive VP Lanny Raimondo said.
The deal is subject to regulatory approvals.