LOS ANGELES — Streamland Media, formerly Picture Head Holdings LLC, has entered into an agreement to acquire the Technicolor Post business.
The acquisition, which is subject to customary closing conditions, is backed by Trive Capital and Five Crowns Capital and is expected to close in the first half of 2021.
Streamland Media operates through integrated business units around the globe, including industry leaders Picture Shop, Formosa Group, Ghost VFX, Picture Head, The Farm Group, and Finalé Post.
These distinct businesses support feature film, episodic, interactive and emerging forms of entertainment by providing customized products for use in picture and sound finishing, visual effects and marketing.
The Technicolor Post business will be merged into Streamland Media’s existing portfolio of businesses. There will be no interruption to Technicolor Post’s clients during this integration, and all employees dedicated to Technicolor Post will be part of this transaction.
“The strategic sale of Technicolor Post is part of our long-term vision for Technicolor 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,” said Technicolor CEO Richard Moat. “We will continue to focus on these core areas through our award-winning creative studios The Mill, MPC, Mr. X and Mikros Animation.”