Argentine authorities say they have seized about $3 million in cameras, lenses and other film equipment stolen in Hollywood and New York.
Security Minister Patricia Bullrich said Friday that Argentine authorities worked in conjunction with the FBI, the New York Police Department and the U.S. Embassy in Buenos Aires.
Authorities said they were able to break up a criminal gang that stole the equipment from Hollywood producers and rented it on the black market for movies in Argentina.
Dozens of cases with costly cameras marked with the word "seized," as well as tripods, lights and other professional film equipment were displayed at a news conference Friday in the Argentine capital.
Argentine Federal Police Chief Nestor Roncaglia said 17 people are being investigated as part of the operation called "Hollywood Stolen."
Avid completes acquisition of Wolftech
Avid®, known for software solutions for professional media production, has completed the acquisition of Wolftech Broadcast Solutions, a leader in cloud-based multiplatform news planning, production and publishing solutions.
The acquisition enables Avid to combine its digital-first, end-to-end media solution with Wolftech’s expertise in story-centric workflow management. News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.
Avid CEO Wellford Dillard stated, “Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”
Wolftech CEO Arne Berven added, “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”
The closing of the acquisition follows Avid’s announcement on October 7 that the company had entered into a definitive agreement to acquire Wolftech.
With this acquisition, Avid deepens the integration between the two toolsets while continuing to embrace an open approach in partnering with a wide range of media production tools and newsroom systems. Existing Wolftech customers will benefit from Avid’s global scale for customer support and professional services.
Ian Axton, head of production operations for ITV News, said, “As a customer of both Avid and Wolftech we’re excited about the benefits this acquisition will bring to our users and our business. Wolftech has transformed... Read More