Technicolor acquires assets of Cinedigm Digital Cinema

Technicolor acquires assets of Cinedigm Digital Cinema

MUMBAI: In a major digital cinema delivery deal, Technicolor has acquired the assets of Cinedigm Digital Cinema the services of which is specific to physical and electronic distribution of content to film theatres in North America. The deal is expected to close in September though no financial details have been disclosed.

With the deal in place, Technicolor will become Cinedigm‘s preferred content servicing partner for post-production through distribution services.

Technicolor, that controls an estimated 58 per cent of the North American market for mastering and digital cinema delivery, will acquire Cinedigm‘s physical and electronic distribution assets, including replication equipment and hard-drive inventory as well as a minimum of 300 satellite roof rights in the U.S. and Canada, resulting in an increase of about 40 per cent in Technicolor‘s North American satellite footprint that will now include around 1,100 locations.