Technicolor Completes Acquisition of Laser Pacific
Technicolor completed its acquisition of Hollywood-headquartered post house Laser Pacific.
Laser Pacific’s feature postproduction work includes upcoming Abraham Lincoln Vampire Killer; and Hugo, Martin Scorsese’s first 3D film. TV post includes House, Mad Men, The Good Wife and new series Awake. Its recent restoration projects include Raiders of the Lost Ark, Hoffa and The French Connection.
The roster of colorists at Laser Pacific includes Dave Cole and Mike Sowa (digital intermediate/features); Tim Vincent and Gareth Cook (broadcast); and Lou Levinson and Brian McMann (restoration).
With the acquisition, they become part of Technicolor’s Los Angeles-based team of colorists, a few of which includes Jill Bogdanowicz, Mike Hatzer and Tony Dustin (digital intermediate/features); and Sparkle and Scotty Klein (broadcast).
Paris-headquartered Technicolor offers a range of services for the creation, management and delivery of entertainment content, ranging from postproduction to Blu-Ray authoring and digital cinema distribution.
Technicolor’s agreement to acquire Laser Pacific was announced on July 27, and at that time, plans called for the Laser Pacific to be rebranded as Technicolor.
Laser Pacific was formed more than 25 year ago, joining several former companies including Pacific Video and Laser Edit. The company, which later went public, has earned six Emmy awards for outstanding achievement in engineering development.
Laser Pacific was acquired by Kodak in 2003 for $30.5 million, and in April 2010 was sold for an undisclosed sum to HIG Capital, which also houses industry businesses PostWorks/Orbit Digital, Hula Post, Wexler Video and Coffey Sound.