Technicolor parent Thomson Multimedia has acquired Still in Motion, a privately held DVD compression and authoring shop.
Although financial terms of the deal were not disclosed, the purchase is expected to provide Technicolor’s Creative Services group with yet another link in its digital media chain. The company has slowly been building up its post-production offerings through a series of acquisitions and hirings in order to handle all aspects of digital filmmaking, from post to distribution.
Last month, Technicolor acquired post-production house Vidfilm Intl. Digital. Technicolor also has opened digital mastering lab Technique.
As part of the Still in Motion transaction, Technicolor will receive Still in Motion’s DVD design production operation and headquarters in Los Angeles. The company has about 40 staffers.
Still in Motion’s existing management team, including principals Clive Bush and Steve Wyskocil, will continue to handle day-to-day operations of the company, which generated about $10 million last year.
Besides its dominance over the film processing sector, Technicolor also is one of the world’s largest distributors of DVDs. Yet the company did not own a DVD production facility until now.
“Still in Motion sits at the intersection of content preparation and DVD replication and is an important element to further development of Technicolor’s integrated, end-to-end service offering,” said Bob Beitcher, prexy of Technicolor Creative Services. “The company’s close working relationship with major Hollywood studios makes the integration of Still in Motion into our organization that much more satisfying.”