Register

    Deluxe signs services agreement with Sony Pictures Digital Productions

    By SHOOTUpdated:No Comments860 Views
    NEW YORK --

    Deluxe Entertainment Services Group Inc. has finalized an agreement with Sony Pictures Digital Productions Inc. under which Deluxe will bring its expertise and state of the art technology to Sony Pictures.

    Deluxe, which has been a leader for decades in media and entertainment services for film, video and online content, continues to expand the depth and reach of its artistry and digital capabilities.

    Through Deluxe’s relationship with Sony Pictures, the facility will offer state-of-the-art color grading, mastering, restoration and related services for film and TV projects by studios, networks, independent producers and filmmakers worldwide.

    “This agreement is a milestone in our strategic efforts to link our industry-leading artisans arm in arm with world-class content creators,” Deluxe CEO David Kassler said.

    “This is yet another example of progress in our relentless pursuit of excellence for our key customers,” added Cyril Drabinsky, Deluxe vice chairman.

    As part of the transaction, Deluxe acquired certain assets from Colorworks Inc.  Deluxe will operate from a 14,000-square-foot facility, which includes one of the industry’s leading 4K pipelines. The facility is housed in the studio’s Stage 6 and features real-time, 4K processing in a full-digital workflow for top filmmakers from across the industry.

    Tags:DeluxeSony Pictures



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

    MySHOOT Profiles


    Add A Comment