Technicolor, the storied technology and visual effects company, said Thursday that it will sell part of its post-production operation to Streamland Media of Los Angeles for nearly $36.5 million.
The sale of Technicolor Post, which handles sound and color finishing services, is expected to close in the first half of the year.
Streamland supports films, as well as episodic and interactive entertainment, through its businesses including Picture Shop, Formosa Group, Ghost VFX, Picture Head, Farm Group and Finalé Post. Those companies provide services such as picture and sound finishing, visual effects and marketing.
“Adding Technicolor Post’s technologies and worldwide locations