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iO Film Announces Strategic Alliance and Expansion PlansStrategic and financial partnership with duplication firm Lightning Media (January 12, 2005)
iO Film, a leading digital film finishing company, has entered into a new strategic and financial partnership with Matt Cooper, owner of duplication firm Lightning Media. The new partnership is a result of the on-going demand from the entertainment industry for digital intermediate mastering services, and will allow iO Film to package clients' film finishing and video deliverable services through its new association with Lightning. The announcement was made today by iO Film CEO Howard Cohen and President Tim Krubsack.
As a result of this new strategic and financial alliance, iO Film will be relocating in early Summer 2005 to a new, 30,000 square foot facility in Hollywood on Cahuenga Blvd, just south of Sunset Blvd. The new site will triple the number of iO Films current DI suites, and will allow the company to add a significant amount of new high-end hardware and software. iO Film will also operate a new, 49-seat digital and film projection screening room at the new location, with future hardware investments set to include multiple 2K/4K DI suites, additional Arrilaser film recorders, and increased storage for scanning.
iO Films current projects include director Paul Haggis ?Crash for Lions Gate Films, starring Sandra Bullock, Brendan Fraser, and Don Cheadle, ?Hooligans, for Odd Lot Entertainment, starring Elijah Wood, and ?The Celestine Prophecy.
"We are very excited about this new alliance with Matt Cooper," Mr. Cohen said. "He appreciates our company's vision as a one-stop finishing facility, and recognizes our potential for continued growth. We are now on course in designing our new facility to allow us to offer all of the tools and comfort that will assist filmmakers, as they create pretty images that dance off the screen."
Mr. Cooper said, ?I can see the blending of DI and postproduction resources not just as an attractive proposition, but as an eventual necessity. I believe that within the next year, almost every medium to high budget filmmaker is going to want digital intermediates. This new venture with iO Film is a natural progression of our postproduction business."
Mr. Krubsack added, "Now, when a filmmaker brings us a film project, we can take that package all the way through to the deliverables utilizing the DI process. From the original 35mm negative and HD masters, we have the ability through our association with Lightning Media to bundle in all the other deliverables, from NTSC and Digi-Beta to DVD authoring and replication. The final packaging will be seamless to our clients."
About iO Film
Founded in 2001 by Howard Cohen, Tim Krubsack, and chief technology officer Kevin Mullican, iO Film provides its clients with numerous services, including digital intermediates, film scanning, film recording, visual effects, digital previews, titles, digital opticals, HD online and HD-to-film.
For more information, please see www.iofilm.net.
Related Keywords:iO Film, duplication, Lightning Media, Matt Cooper, digital film finishing, digital intermediate, mastering, Howard Cohen, Tim Krubsack, DI, Arrilaser, film recorders, scanning, finishing, DVD authoring, Kevin Mullican,