In a move that should come as no great surprise to anyone who has followed the digital cinema transition, Deluxe Entertainment Services Group Inc. and Technicolor are combining resources to create a new digital cinema joint venture. The new company, Deluxe Technicolor Digital Cinema, will specialize in theatrical digital cinema mastering, distribution and key management services.
The companies said the move will bring together best-in-class technologies, personnel, work processes and facilities to provide seamless services to its customers on a greater global scale.
The Burbank-based venture will be managed by Deluxe. All other lines of business will continue to operate independently of one another.
"As the global entertainment industry continues its transition to 100 percent digital distribution and delivery, this transformational partnership will be optimally positioned to offer our companies' existing and future customers industry-leading digital cinema services with greater efficiencies," Deluxe CEO David Kassler said in a statement. "This is yet another example of Deluxe expanding our partnerships to deliver a suite of next generation digital cinema services to our industry customers."
"This partnership puts us in a stronger position to offer industry-leading digital cinema services around the world," said Tim Sarnoff, Technicolor’s president of production services. "At Technicolor we have committed ourselves to services that are driven by creative talent and technology, creating the next generation immersive media experiences our customers have come to expect from us."
The joint venture is subject to customary closing conditions and is expected to close in the second quarter.