Streamland Media is acquiring Sim Video International’s postproduction business (Sim Post). The strategic acquisition builds upon Streamland’s roster of artists and expands the company’s technical portfolio by increasing its unscripted and scripted content offerings in North America. The acquisition bolsters Streamland’s existing presence in Los Angeles and Vancouver, and gives the company a substantial footprint in New York City to provide exceptional picture and sound finishing.
“The addition of Sim Post solidifies our commitment to creating an incomparable postproduction community that relies upon a team of talented individuals,” said Streamland Media CEO Bill Romeo. “Sim Post’s alignment with Streamland’s philosophy and culture will make this transition seamless, enabling us to amplify social responsibility efforts within the communities where we live and work.”
The transaction, expected to be complete in the first half of 2021, is backed by Trive Capital and Five Crowns Capital. There will be no interruption of services to Sim Post’s clients during the integration, and all employees dedicated to the Sim postproduction business will be a part of the transition.
“The addition of Sim Post expands Streamland Media’s presence in critical content creation markets while bolstering and deepening customer relationships and technical expertise,” said David Stinnett, partner at Trive Capital. “Streamland and Trive remain focused on providing comprehensive, forward-thinking services globally, and we are confident that Sim Post’s team and technology will bring outstanding capabilities to our customers.”
Founder and managing partner of Five Crowns Capital Jeffrey Schaffer added, “Streamland Media’s core values drive its ongoing mission of elevating and evolving what is possible in a client-focused, talent-driven postproduction services company. We’re excited for its growth and broader capacity to connect with local creative communities on a global level.”
California governor signs law to protect children from social media addiction
California will make it illegal for social media platforms to knowingly provide addictive feeds to children without parental consent beginning in 2027 under a new law Democratic Gov. Gavin Newsom signed Friday.
California follows New York state, which passed a law earlier this year allowing parents to block their kids from getting social media posts suggested by a platform's algorithm. Utah has passed laws in recent years aimed at limiting children's access to social media, but they have faced challenges in court.
The California law will take effect in a state home to some of the largest technology companies in the world. Similar proposals have failed to pass in recent years, but Newsom signed a first-in-the-nation law in 2022 barring online platforms from using users' personal information in ways that could harm children. It is part of a growing push in states across the country to try to address the impacts of social media on the well-being of children.
"Every parent knows the harm social media addiction can inflict on their children — isolation from human contact, stress and anxiety, and endless hours wasted late into the night," Newsom said in a statement. "With this bill, California is helping protect children and teenagers from purposely designed features that feed these destructive habits."
The law bans platforms from sending notifications without permission from parents to minors between 12 a.m. and 6 a.m., and between 8 a.m. and 3 p.m. on weekdays from September through May, when children are typically in school. The legislation also makes platforms set children's accounts to private by default.
Opponents of the legislation say it could inadvertently prevent adults from accessing content if they cannot verify their... Read More