MUMBAI: Deluxe Entertainment Services Group Inc., a post-production house will soon acquire StereoD, a Burbank business that specializes in the 3-D conversion of films like Thor, The Green Hornet and the upcoming Captain America from Marvel Studios. Financial terms have not been disclosed, though.
Said Deluxe president and chief executive Cyril Drabinsky, "StereoD has grown rapidly in a year and a half, not only because of its proprietary VDX technology but its proven ability to service its clients. They are a perfect fit for Deluxe, both for StereoD‘s traditional theatrical content business and in new areas such as 3-D Blu-ray, 3D TV channels, 3D commercials and 3D streaming content."
The deal is the latest sign of consolidation in Hollywood‘s post-production business. In November, in a move to offer a wider range of services, Deluxe had entered into a deal to acquire the bulk of Ascent Media Group, a Santa Monica post-production company controlled by cable pioneer John Malone, for $68 million.
Deluxe is the world‘s largest processor of film and Blu-ray discs and also provides a range of digital media services to the film and TV industries. It has post-production facilities in North America, Europe and Australia.
