Streamland Media, formerly Picture Head Holdings LLC, has entered into an agreement to acquire the Technicolor Post business. The acquisition, which is subject to customary closing conditions, is backed by Trive Capital and Five Crowns Capital and is expected to close in the first half of 2021.
Headquartered in Los Angeles, Streamland Media operates through integrated business units around the globe, including Picture Shop, Formosa Group, Ghost VFX, Picture Head, The Farm Group, and Finalé Post. These distinct businesses support feature film, episodic, interactive and emerging forms of entertainment by providing top-tier, customized solutions in picture and sound finishing, visual effects and marketing. The addition of Technicolor Post will bolster Streamland’s roster of talent and broadens the company’s unique approach to meeting customer needs in regions around the world including the U.S., Canada, Europe and the U.K.
The Technicolor Post business will be merged into Streamland Media’s existing portfolio of highly regarded businesses. There will be no interruption of the award-winning services to Technicolor Post’s clients during this integration, and all employees dedicated to Technicolor Post will be part of this transaction.
“Our team’s dedication to creative excellence and their outstanding accomplishments has allowed Streamland Media to build this exceptional family of boutique businesses,” said Streamland Media CEO Bill Romeo. “We are thrilled to have the extraordinary caliber of Technicolor Post artists join us. Adding Technicolor Post’s technologies and worldwide locations to Streamland will allow us to partner with all of our clients to an even greater degree. I am excited for what’s ahead.”
“The Streamland model is based on a long-term philosophy that values its distinctive culture and fosters collaboration at every turn,” said David Stinnett, partner at Trive Capital. “This has been at the cornerstone of the company’s success that we enthusiastically support. We are excited to continue to serve the postproduction community with a comprehensive offering uniquely designed to meet customer needs globally.”
Jeffrey Schaffer, founder and managing partner of Five Crowns Capital, added, “Under the direction of the Streamland Media executive team and board, we envision a bright future for the evolution of postproduction upon the completion of this deal.”
Richard Moat, CEO of Technicolor, said, “The strategic sale of Technicolor Post is part of our long-term vision for Technicolor Production Services to focus on VFX and animation for the entertainment industry, and creative services and technologies for the advertising industry, which provide the maximum value to our clients. We will continue to focus on these core areas through our award-winning creative studios The Mill, MPC, Mr. X and Mikros Animation.”
Nikki Maizel Named President Of Publicis New York
Nikki Maizel has been hired as president of Publicis New York. She reports to Carla Serrano, global chief strategy officer of Publicis Groupe and CEO of Publicis New York.
Maizel brings more than two decades of leadership experience to her new role. Most recently, she served as the head of business leadership and managing partner at McCann New York, where she transformed the agency’s business and growth strategies while shaping its culture and employee training infrastructure, receiving numerous accolades during her tenure.
“Our industry is at a pivotal moment, with clients seeking partners who can challenge them to innovate, impact their bottom line, and move faster than ever,” said Serrano. “Our ‘Power of One’ approach, embodied within Publicis New York, allows us to offer integrated solutions that meet these demands. We’re thrilled to welcome Nikki, who has a proven track record of growing businesses globally, building best-in-class teams, and elevating collective offerings to clients.”
Maizel said, “Publicis Groupe has earned a reputation for pushing the boundaries of what’s achievable. I’m excited to collaborate with our partners and teams to set our clients apart. Publicis New York is the engine behind ‘Power of One,’ the unique model of the future that combines cross-agency capabilities, so I can’t imagine a more exciting time to join and help shape what’s next for our clients and teams.”
Maizel becomes the latest Publicis New York appointment under Serrano’s leadership. Last year, Publicis New York named Patrick White as its chief strategy officer, and welcomed Joe Mongognia as its chief creative officer.
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