Deluxe To Acquire Business Units from Ascent Media

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Sat, 12/11/2010 - 19:00 -- Nick Dager

Deluxe Entertainment Services Group has signed an agreement with Ascent Media Corporation to acquire Ascent's Creative Services and Media Services businesses including the well-known brands of Company 3 Beast Method Rushes Encore Hollywood and Level 3 Post. The acquisition is designed to enhance Deluxe's services for clients that include life-cycle library management and digital asset management. Digital services include file based mastering archiving digital distribution DVD and Blu-ray authoring. Deluxe is the world's largest processor of film for the motion picture industry and the industry's largest provider of Blu-ray authoring services. Over the last few years Deluxe has significantly increased its service offerings in digital services and content delivery. The company's pipeline includes 2D and 3D post production services from film or digital capture to digital intermediates with the proprietary EFilm workflow theatrical release (35mm and digital cinema) and home entertainment services for every digital media platform. Deluxe is well positioned to take our company into the future as technologies continue to transform how customers create and distribute content for films and television programs says Cyril Drabinsky president and CEO of Deluxe. We look forward to this talented group of people joining the Deluxe team. The transaction is subject to customary closing conditions and is expected to close by the end of the year. Deluxe Entertainment Services Group