You will be redirected back to your article in seconds

Technicolor acquires LaserPacific

Company also sells post facility to PostWorks

While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks.

Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with Technicolor. The facility will be branded PostWorks Technicolor and will get access to Technicolor’s proprietary color science and post workflows.

It’s the first ever franchise agreement for Technicolor. “We’re very excited about that,” said Claude Gagnon, prexy of Technicolor Creative Services. “It’s a model I want to develop in Latin America and Asia.”

LaserPacific acquisition includes LaserPacific’s facilities in Hollywood and West Los Angeles. LaserPacific’s creative talent will become Technicolor employees and the facilities will operate under the Technicolor brand.

Gagnon told Variety: “We are acquiring a very important roster of talent, colorists, manager, so we’re acquiring a team. We’re acquiring a portfolio of customers. We’re buying some of their technology. And we’re going to strengthen our position in the L.A. market in theatrical and broadcast.”

Move continues the shakeout in post that began when Ascent Media sold its post business to Technicolor’s rival, Deluxe.

More Digital

  • DSCF3404.raf

    Netflix to Raise $1.6 Billion More Debt to Fuel Content-Buying Binge

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

  • Snapchat logos

    Snap Lays Off Recruiters as It Prepares for Slower Hiring (Report)

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

  • Lockhart_Steele

    Vox Media Editorial Director Lockhart Steele Fired for Sexual Harassment

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

  • Chelsea Handler Netflix trailer

    'Chelsea' Proves Netflix Can't Always Beat TV at Its Own Game (Opinion)

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

  • Twitter outage

    Twitter to Ban Groups Promoting Violence, Hate Symbols

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

  • Echo Fox - Yankees - esports

    New York Yankees Invest in eSports Holding Firm Backed by Ex-NBA Star Rick Fox

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

  • Thomas and Friends- Big World! Big

    International Newswire: Mipcom Sees First Signs of Peak TV Animation

    While shoring up its digital cinema distribution business via its pact with Cinedigm, Technicolor was also busy rejiggering its post-production offerings, acquiring LaserPacific and selling its post assets in New York to PostWorks. Under the Technicolor-PostWorks deal, PostWorks acquires the Technicolor post facility on Leroy Street in Manhattan and enters an exclusive franchise agreement with […]

More From Our Brands

Access exclusive content