- Technicolor Inc. and Deluxe Entertainment Services announced a new partnership for film print production and distribution, as the demand for film prints continues to wane.
- According to the Los Angeles Times: “Technicolor will subcontract its 35mm film print business in North America to Deluxe,” while “Deluxe will farm out its 35mm print distribution business to Technicolor.”
- Technicolor closed its North Hollywood plant earlier this year, and will soon close a plant outside of Montreal.
- Technicolor will open a smaller facility in Glendale focused on producing prints for IMAX and other big screen theaters.
- Plummeting demand for prints stems from theaters converting to digital projection; the transition has taken place in nearly half of the 42,000 screens in the U.S.
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