Panavision to acquire post-production company Light Iron

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Panavision to acquire post-production company Light Iron --

Thu, 04 Dec 2014 10:10

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Panavision, a designer, manufacturer and rental provider of high precision camera systems, has reached an agreement to acquire post-production technology innovator Light Iron. Together, they plan to offer turnkey technology solutions that encompass pre-production through delivery.

Kim Snyder, Panavisions CEO and President said, This acquisition is an opportunity to leverage the strength and innovation of the Panavision brand with the entrepreneurial spirit of Light Iron. By joining forces, we can better serve our clients, providing a full portfolio of creative choices and an efficient, seamless experience.

Light Iron has facilities in New York and Los Angeles and will operate as a wholly- owned subsidiary of Panavision, maintaining its executive leadership and talent. Light Iron s Outpost mobile post systems will be made available via Panavision rental facilities worldwide.

Michael Cioni, CEO of Light Iron, remarks that Panavision is an ideal partner to extend Light Iron s international reach. A long-standing commitment to quality and client service has made Panavision one of the most trusted brands in the world. The fusion of our two companies, and the creation of new optimised tools, will mark the beginning of a new era in digital acquisition and delivery on a global scale.

Panavision and Light Iron are dedicated to providing clients the innovation they need to succeed at the intersection of art and science, adds Snyder. Together, we are poised to offer creative clients a deeper and more progressive level of support and services across all market segments. This union uniquely positions us both to serve the industry through collaboration, advanced engineering and optimised services all over the world.

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