Streamland Media, formerly Picture Head Holdings, has announced plans to acquire Technicolor’s post-production business.Trive Capital and Five Crowns Capital are supporting the deal, which is valued at $36.5 million and expected to close in the first half of this year.Streamland already owns a range of post-production outfits, including Picture Shop, Formosa Group, Ghost VFX, Picture Head, The Farm Group and Finalé Post.Technicolor describes the transaction as fitting with the ongoing transformation of the company under new CEO Richard Moat.
His goal is to focus more on the visual effects and animation work that precede the final services of color and sound.Creative studios remaining under the Technicolor tent include MPC Film, Mr.
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