12:00am PT by Carolyn Giardina
Panavision Acquires Postproduction Company Light Iron
Panavision has agreed to acquire privately owned postproduction company and technology innovator Light Iron. Terms of the deal were not disclosed at press time.
According the announcement, Light Iron, whose recent credits include David Fincher’s Gone Girl, will operate as a wholly owned subsidiary of Panavision and maintain its leadership and talent, including CEO Michael Cioni. Additionally, Light Iron’s Outpost mobile post systems will be available at Panavision rental facilities worldwide.
Panavision president and CEO Kim Snyder (pictured above with Cioni) said in a statement that together, the companies would offer "a deeper and more progressive level of support and services.”
Founded in Los Angeles in 2009 by a team including brothers Michael Cioni and Peter Cioni, Light Iron offers mobile dailies, archival services, offline editorial rental, digital intermediate/finishing and delivery.
Said Cioni in a statement: “The fusion of our two companies, and the creation of new optimized tools, will mark the beginning of a new era in digital acquisition and delivery on a global scale.”