Streamland Media has completed its acquisition of the post-production assets of Technicolor SA and integrated them into its picture, visual effects, sound and marketing divisions.
Technicolor’s post-production business at a price of $37 million is the second acquisition Streamland in Burbank has completed this year. Last month, the company announced it would buying the post business of Sim Video International Inc.
Streamland Chief Executive Bill Romeo said the company has one clear vision – to build its global network to provide best-in-class services combined with individuals dedicated to creative excellence.
“We are excited to provide our clients with this expanded pool of top-tier talent, innovative technology and additional sites in Toronto and Atlanta,” Romeo said in a statement.
Streamland’s acquisition of Technicolor Post, which was first announced in January, is backed by Trive Capital, a Dallas private equity firm, and Five Crowns Capital, in Newport Beach. Both firms have invested in Streamland.
Founded in 2001 as Picture Head Holdings, Streamland provides post-production services to feature films, television series, and commercials through its brands Formosa Group, Ghost VFX, Picture Shop, Farm Group and Picture Head.
Technicolor, based in Paris, got its start in Hollywood in the early days of the film industry. It later was acquired by Thomson SA which in 2010 changed its name after its American film technology subsidiary. Technicolor has offices in Burbank and Hollywood.Richard Moat, chief executive of Technicolor, said in a statement: “The strategic sale of Technicolor Post is part of our long-term vision for production services to focus on VFX and animation for the entertainment industry, and creative services and technologies for the advertising industry, which provide the maximum value to our clients.”In announcing its acquisition of the post business of Sim Video, in Toronto, Streamland said in a release that the deal bolsters its existing presence in Los Angeles and Vancouver and gives the company a substantial footprint in New York to provide picture and sound finishing services.
David Stinnett, partner at Trive Capital, said the addition of Sim Post expands Streamland’s presence in critical content creation markets while bolstering and deepening customer relationships and technical expertise.
“The addition of Sim Post solidifies our commitment to creating an incomparable post-production community that relies upon a team of talented individuals,” Romeo said in a statement. Sim Video was part of a botched acquisition between it, Woodland Hills camera and lens rental house Panavision and Saban Capital Acquisition Corp. in 2019.Saban Capital, founded by billionaire Haim Saban, was a special purpose acquisition company.