Deal rounds out its sweep of Quinta Industries' subsids
Technicolor owned 17% of Quinta Industries, a French post-production group offering 35mm prints, visual effects and animation, but never had an operational role.
Greenlit by a French commercial court, Duboi’s takeover completes Technicolor’s acquisition of other Quinta Industries’ subsidiaries — audio companies Auditorium of Joinville (ADJ) and SIS plus Scanlab, which provides digital conversion, including VOD and digital cinema package mastering (Daily Variety, Jan. 24).
Technicolor will hire 12 former Duboi staffers. In total, 54 Quinta Industries employees will transfer to Technicolor.
Claude Gagnon, president of Technicolor’s Creative Services, said “(The company’s) priority is to bring these shingles together under one banner, Technicolor Entertainment Services France, and form a one-stop-shop.”
The Gallic arm will also include a dubbing facility that’s already up and running.
Added Gagnon, “In the longterm, we aim to become a key player within the French film industry and attract work from co-productions with Canada, Spain and Italy, where Technicolor is present.”
Duran, Duboi’s sister company active in the animation and visual effects, was not included in the bid but Gagnon said “Technicolor is considering taking on visual effects work in a year or so from now.”
Technicolor’s acquisition of Quinta Industries’ biz was well received by French industry insiders who acknowledge the company’s credibility and track record in the field of digital post-production.
Other bids for Duboi came from L.A.-based crowdsourcing outfit FilmFunds and French digital cinema provider Ymagis.