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IO, Lightning strike deal for digital work

Partnership driven by increased demand for DI services

HOLLYWOOD — Digital film finishing company IO Film and post-production house Lightning Media have formed a partnership to provide comprehensive post-production services, including digital intermediate.

The partnership is driven by increased demand for DI services, which involve scanning film so digital work may be done, and then recording it back to celluloid.

Lightning founder and owner Matt Cooper has made an undisclosed cash investment in IO Film and becomes an equity partner in the company.

As a result of the alliance and the infusion of cash from Cooper, IO Film will move to a 30,000-square-foot facility on Cahuenga Boulevard in Hollywood, south of Sunset. Location will triple the number of IO Film’s DI suites and include a screening room that will eventually be equipped for film and digital 2K and digital 4K projection.

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Cooper called the alliance a natural extension of his post-production business.

“I can see the blending of DI and post-production resources not just as an attractive proposition but as an eventual necessity,” said Cooper. “I believe that within the next year, almost every medium- to high-budget filmmaker is going to want digital intermediates.”