Ascent restructures U.K. operations
EmptyAscent Media Group, the wholly owned subsidiary of John Malone's Discovery Holdings that encompasses a collection of postproduction and media services businesses, has launched a new brand while significantly restructuring its U.K. operations.
Newly named Ascent 142 will combine AMG's London-based postproduction units One Post and St. Anne's Post, DVD unit Stream and media-management services. With the move, the post and DVD brand names will be retired. The company has invested more than £2 million ($4 million) in the facility and new technical capabilities.
The change comes as Discovery is preparing to spin off AMG along with Discovery Networks into an independently traded company. Malone will be the entity's controlling shareholder.
Jose Royo, who was named AMG CEO in February, restructured AMG's corporate divisions and senior management in May.
Ascent 142 — named for its 60,000-square-foot, 142 Wardour St. address in London's Soho district — will be led by Simon Constable, vp operations; David Barrett, senior director of business development; and Adrian Bull, chief technology officer. They will report to Richard Andrews, AMG senior vp media services.
Of the merging of the businesses, Constable said: "Because the companies were independently managed, it didn't really lend themselves well to being able to move jobs around and share work and not worry about revenue. We decided to put it all in one location and essentially remove those old-fashioned barriers."
The investment in new technology includes two newly built digital intermediate suites.
MGM/Sony's "Quantum of Solace" is the first scheduled DI project for the new installation. Rob Pizzey is the colorist on the project. (partialdiff)