TV operations vet to head post-production giant
Deluxe Entertainment Services has appointed John Wallace as its new president and CEO, the company said in a statement Monday.
Wallace is stepping down from his role as the president of operations and technical services at NBCUniversal, where he worked for the past 27 years. He will officially join Deluxe in early September. His experience also includes a stint as president of the NBC Owned Television Stations Group, where he previously managed NBC’s owned and operated television stations.
Wallace will replace David Kassler as the company’s leader. Kassler said he is leaving for “unrelated personal and family reasons.” He is to remain at the company during the transition.
Deluxe has settled into its role as a multifaceted provider of post-production and digital services following the collapse of the film print business, which was its bread and butter for the better part of a century. It recently pacted to provide post services to Warner Bros. with an eye toward a future when home video is released day-and-date with theatrical openings. In February, Deluxe acquired Sony’s Colorworks digital intermediate facility and struck a semi-exclusive deal to provide DI and color grading services to Sony.
Deluxe is a wholly owned subsidiary of holding company McAndrews & Forbes, which in turn is owned by billionaire investor Ronald Perelman.