Deluxe and Technicolor have entered into a binding agreement to create a new digital cinema joint venture, Deluxe Technicolor Digital Cinema, which will specialize in theatrical digital cinema mastering, distribution, and key management services.
Deluxe Technicolor Digital Cinema will bring together best-in-class technologies, personnel, work processes, and facilities to provide seamless digital cinema services to customers globally. The new business will be managed by Deluxe and based in Burbank. All other lines of business will continue to operate independently of one another.
This joint venture is subject to customary closing conditions and is expected to close in the second quarter of 2015.