has completed its acquisition of Sim Video International’s postproduction business, roughly three months after it acquired Technicolor’s post business. Terms of the deal were not disclosed.
Plans for the Los Angeles-headquartered Streamland — the parent of leading audio post facility Formosa Group as well as Picture Shop, Picture Head, Ghost VFX, The Farm Group and Finalé Post — to acquire Sim werein April. The Sim Post acquisition, like the Technicolor deal, was backed by Trive Capital and Five Crowns Capital. Technicolor Post was purchased for $36.5 million.
Sim Post’s personnel join Streamland’s picture and sound divisions–meaning the moniker “Sim Post” will not be used going forward–according to Friday’s announcement. Sim maintains facilities in Hollywood , New York, Atlanta, Toronto and Vancouver — and with its New York base, would give Streamland a new presence in that market.
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