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    Streamland Media wraps acquisition of Technicolor Post

    By SHOOTUpdated:No Comments1643 Views
    Bill Romeo
    LOS ANGELES --

    Streamland Media has completed the acquisition of Technicolor Post and integrated its services into Streamland’s picture, VFX, sound and marketing divisions. The acquisition brings new artists, technical experts, and strategic locations to Streamland, solidifying the company’s commitment to support a global network of award-winning talent in service to postproduction.

    “We have one clear vision–to build our global network providing best-in-class services with passionate individuals who are dedicated to creative excellence,” said Streamland CEO Bill Romeo. “We are excited to provide our clients with this expanded pool of top-tier talent, innovative technology and additional sites in Toronto and Atlanta.”

    Streamland’s executive leadership team includes Sherri Potter, Robert Rosenthal and Jake Torem.

    Potter will oversee the company’s worldwide picture and VFX services which include Picture Shop, The Farm and Ghost VFX brands. She will continue to ensure that each client’s creative process is enhanced throughout postproduction. Potter, who previously served as president of Technicolor Post and Technicolor VFX, was the first female president of a global postproduction business. Under her leadership, the company collaborated on numerous Oscar® and Emmy® Award-winning productions.

    Rosenthal will continue to lead all sound services for Streamland Media, under Formosa Group. He established the renowned Formosa Group in 2013, where he and his team foster a creative environment for the industry’s top sound artists to provide the highest-quality work to studios and content creators. Rosenthal’s professional focus has been exclusively in entertainment, including 20 years managing all aspects of postproduction sound for film, television and interactive entertainment.

    Torem will oversee Streamland’s marketing services. He and his creative team at Picture Head have set the standard in the industry as a finishing powerhouse, developing a range of postproduction pipelines to meet clients’ needs. Under his leadership over the past 20 years, Picture Head has finished some of the highest profile Super Bowl spots and spearheaded marketing campaigns for some of the biggest motion picture openings in the industry.

    Streamland Media’s acquisition of Technicolor Post, which was first announced in January, is backed by Trive Capital and Five Crowns Capital.

    Tags:Streamland MediaTechnicolor Post



    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

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