Streamland Media has accomplished its acquisition of Sim Video Worldwide’s postproduction enterprise, roughly three months after it acquired Technicolor’s put up enterprise. Phrases of the deal weren’t disclosed.
Plans for the Los Angeles-headquartered Streamland — the dad or mum of main audio put up facility Formosa Group in addition to Image Store, Image Head, Ghost VFX, The Farm Group and Finalé Publish — to accumulate Sim have been first announced in April. The Sim Publish acquisition, just like the Technicolor deal, was backed by Trive Capital and 5 Crowns Capital. Technicolor Publish was bought for $36.5 million.
Sim Publish’s personnel be a part of Streamland’s image and sound divisions–that means the moniker “Sim Publish” won’t be used going ahead–in response to Friday’s announcement. Sim maintains amenities in Hollywood (it’s primarily based within the former Kodak advanced), New York, Atlanta, Toronto and Vancouver — and with its New York base, would give Streamland a brand new presence in that market.
Sim has labored on productions together with The Handmaid’s Story and The Final Dance, and its stay occasions work contains the Academy Awards broadcast and upcoming World Citizen Stay occasion on Sept. 25.
Mentioned Streamland CEO Invoice Romeo: “We’re excited to welcome Sim Publish’s excellent crew into our group. This alliance additional strengthens our devotion to nurturing creativity and offering purchasers a real partnership that’s unparalleled in postproduction. With our globally expanded expertise pool and footprint, we stay targeted on elevating the providers and options our collaborators want.”
The worldwide postproduction enterprise has been experiencing sizable change. In late 2020, the Firm 3 postproduction enterprise and its sister firms have been acquired by U.Okay.-based Framestore.
https://www.hollywoodreporter.com/enterprise/business-news/streamland-completes-acquisition-sim-video-1234971949/ | Streamland Completes Acquisition of Sim Video – The Hollywood Reporter