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Thomson Acquires ?The Moving Picture CompanySecures leading position in VFX for the media & entertainment industries (December 09, 2004)
Thomson today announced the acquisition of The Moving Picture Company (MPC) from British broadcaster ITV, for £52.7 million (76 million). The Moving Picture Company, which is located in the Soho district of London and employs around 400 people, is an industry-leading provider of visual effects (VFX) and postproduction services to both the feature motion picture and commercial advertising industries.
The worldwide postproduction market is growing rapidly, and is currently valued at around 4 billion. Visual effects have become one of the highest profile and fastest growing value-added postproduction services, representing around 500 million of the worldwide postproduction market. In 2004, all of Hollywoods top grossing films utilized visual effects, continuing a trend that has spanned several years.
MPC provides VFX for major Hollywood studios including Warner Bros, Twentieth Century Fox and Universal Pictures. Recent titles include ?Alexander, all three ?Harry Potter films, ?Troy ?Alien vs. Predator and ?Lara Croft: Tomb Raider. As a result of its unique technical and creative capabilities, MPC is expected to continue its leadership position in one of the fastest growing segments in services for content owners. Over the last 12 months, MPC has generated over £44 million (63 million) in total sales.
MPC is also widely recognized in the commercial advertising industry for producing high-end commercial content for many world-leading advertisers including Nike, Levis, Motorola, Adidas, and Coca Cola as well as other Fortune 500 companies and major European advertisers.
The addition of MPC will provide the cornerstone for future growth of Thomsons visual effects offerings worldwide for both feature film and commercial advertising customers. With a strong client base, specialized know how and a stellar reputation with the creative community, MPC will provide a strong complement to Technicolors Emmy Award-winning Hollywood-based broadcast visual effects and Toronto-based VFX facilities.
?We are delighted to be joining the Thomson/Technicolor family, said David Jeffers, managing director of MPC. ?The advantages of bringing together two organizations which are so focused on service and quality will be a huge benefit to our customers, and will help assure the success of our efforts going forward.
?MPCs outstanding team of respected professionals, reputation for service and high quality expertise, fits perfectly with the goals of our entire group, stated Lanny Raimondo, Thomson senior executive vice president, Services. ?As a key provider to the Hollywood studios of superb VFX work, MPC maintains great relationships with the creative community worldwide, including local UK productions, and the strengths of MPC fit strategically into Thomsons ?best of breed palette of service offerings to our customers.
About Thomson - Partner to the Media & Entertainment Industries
Thomson (Euronext Paris: 18453; NYSE: TMS) provides technology, systems and services to help its Media & Entertainment clients content creators, content distributors and users of its technology - realize their business goals and optimise their performance in a rapidly changing technology environment. The Group intends to become the preferred partner to the Media & Entertainment industries by offering end-to-end solutions to content creators, video network operators and retailers through its Technicolor, Grass Valley, RCA and THOMSON brands.
For information about Thomson, please visit www.thomson.net.
About Technicolor Entertainment Services (TES)
Technicolor Entertainment Services, part of the Services division of Thomson is the number one processor of motion picture film worldwide and a leading provider of creative/postproduction, cinema distribution and digital cinema services. With facilities worldwide, TES service lines include:
* Technicolor Film Services processes and prints 16/35/65/70 mm formats, dailies, answer prints, intermediates, and trailers.
* Technicolor Creative Services provides production, postproduction and post postproduction services ranging from film and audio restoration and preservation, in both analogue and digital formats, to DVD compression and authoring, VOD encoding, to episodic television and commercial advertising completion, and digital intermediates, HD dailies and digital previews.
* Technicolor Cinema Distribution Services provides high-quality distribution and logistics management services for motion picture release prints and advertising collateral through state-of-the-art technologies and an efficient distribution pipeline.
* Technicolor Digital Cinema is the leading provider of a comprehensive suite of digital cinema services and solutions, which include compression, encryption, distribution, storage and scheduling/playback as well as in-theatre management systems, maintenance and support.
For more information: www.technicolor.com.
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