Telecorps Holdings, Inc., parent company of PostWorks NY, has signed a binding agreement to partner with Technicolor to jointly provide editorial, color grading and other post production services in New York. The PostWorks facility and Technicolor’s Technicolor East Coast studio, both located in Soho, will operate as a single unit under the name Technicolor/PostWorks.
The companies intend to take advantage of their complementary talent, resources and experience to serve clients in the N.Y. market. The two companies formed a similar partnership last year to provide film laboratory services through the jointly operated New York Film Lab.
“We have worked towards creating this kind of synergy for a long time,” said David Rosen, chairman of Telecorps. “Customers are searching for the highest quality solutions with the fewest points of contact. They want a provider who can facilitate all aspects of the acquisition, editing and finishing of content. This partnership provides that answer.”
Technicolor/PostWorks combines Technicolor’s strong global brand with PostWorks’ boutique appeal. PostWorks is one of the entertainment industry’s most comprehensive postproduction companies, offering film processing, digital dailies, non-linear editing systems, file-based workflow and finishing, and digital intermediate services. It also features full service sound facilities.
Key executives from Technicolor and PostWorks will manage the integration and ongoing operation of the two facilities to ensure continued delivery consistent with Technicolor and PostWorks standards.
Telecorps Holdings Inc. also owns Hula Post, Orbit Digital, Wexler Video and Coffey Sound, the operations of which are unaffected by its partnership with Technicolor. In a separate transaction, Technicolor has entered into a binding agreement to acquire the assets of LaserPacific, a Los Angeles post house and a sister company to Telecorps. The transactions are expected to close at the end of August.
Apple and Google Face UK Investigation Into Mobile Browser Dominance
Apple and Google aren't giving consumers a genuine choice of mobile web browsers, a British watchdog said Friday in a report that recommends they face an investigation under new U.K. digital rules taking effect next year.
The Competition and Markets Authority took aim at Apple, saying the iPhone maker's tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. Apple does this by restricting progressive web apps, which don't need to be downloaded from an app store and aren't subject to app store commissions, the report said.
"This technology is not able to fully take off on iOS devices," the watchdog said in a provisional report on its investigation into mobile browsers that it opened after an initial study concluded that Apple and Google effectively have a chokehold on "mobile ecosystems."
The CMA's report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers "the clearest or easiest option."
And it said that the a revenue-sharing deal between the two U.S. Big Tech companies "significantly reduces their financial incentives" to compete in mobile browsers on Apple's iOS operating system for iPhones.
Both companies said they will "engage constructively" with the CMA.
Apple said it disagreed with the findings and said it was concerned that the recommendations would undermine user privacy and security.
Google said the openness of its Android mobile operating system "has helped to expand choice, reduce prices and democratize access to smartphones and apps" and that it's "committed to open platforms that empower consumers."
It's the latest move by regulators on both sides of the Atlantic to crack down on the... Read More