|Page (1) of 1 - 10/21/04||email article||print page|
Ascent Media Group Acquires CinetechSean Coughlin named Senior Vice President, Lab Services (October 21, 2004)
Ascent Media Group, Inc. (AMG) announced today the acquisition of Cinetech, Inc., the market leader in motion picture restoration, protection and preservation services from Westar Capital, a Costa Mesa, California based private equity firm. Since its founding in 1990 by President Sean Coughlin, Cinetech has built a reputation for excellence in service and technical innovation working with the leading creators and owners of filmed content. Through this acquisition, and in combination with its existing laboratory facilities in Burbank, California and London, England, AMG is positioned as a worldwide leader in preservation and restoration services.
?AMG continues to be the global leader in providing end-to-end service solutions to the media and entertainment industry, including seamless creation, management and distribution of content for our clients, said Ken Williams, President and Chief Executive Officer, Ascent Media Group. ?Through its world-class reputation, patented workflows and technologies, the acquisition of Cinetech enhances Ascent Medias position as the leading global provider of traditional and next generation services to the media and entertainment industry.
Cinetechs reputation for quality has led the company to work on content from every major film library in the world over 8,500 titles including many of the most important films of the 20th Century such as ?The Wizard of Oz, ?Easy Rider, ?On the Waterfront, ?In the Heat of the Night and ?Lost Horizon. Based in Valencia, California, the company has received numerous accolades including the 2002 Scientific and Engineering Award from the Academy of Motion Picture Arts and Sciences for the engineering and development of the RCI-Color Film Restoration Process.
?We are delighted to be joining the team at AMG, added Coughlin. ?Ascent Medias global reach and market position, combined with Cinetechs expertise and reputation, creates a powerhouse of restoration and preservation services for the feature film, television and home entertainment industry.
In his new role, Coughlin continues to manage Cinetech and also assumes overall leadership of Ascent Medias Burbank lab operations. As part of the acquisition, Cinetech operations located in Valencia, California will focus on photo-chemical and digital restoration and asset protection, while traditional film processing, dailies and lab services will be handled by AMGs Burbank, California laboratory.
?After 30 years of working in the lab industry and watching it evolve through many incarnations, it is exciting to see the combination of these two great facilities under Sean Coughlins leadership, stated Don Nikkinen, Vice President of Ascent Medias Burbank Lab Services. ?I am looking forward to working with Sean on this transition.
About Ascent Media Group
Santa Monica, California-based Ascent Media Group, Inc., a wholly owned subsidiary of Liberty Media Corporation (NYSE: L, LMC.B), provides creative and technical services to the media and entertainment industries through its Creative Services, Creative Sound Services, Media Management Services and Networks Services groups. At more than 70 facilities in the regions of Southern California, New York, Atlanta, London and Singapore and additional locations throughout the world, Ascent Media Group provides effective solutions for the creation, management and distribution of content to major motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies and other companies that produce, own and/or distribute entertainment, news, sports, corporate, educational, industrial and advertising content.
For more information visit www.ascentmedia.com.
Related Keywords:Ascent Media Group, Cinetech, Sean Coughlin, Westar Capital, Ken Williams, film, RCI-Color Film Restoration, Film Restoration, Don Nikkinen, Liberty Media,