Paramount Pictures pacts with Technicolor to create state-of-the-art post-production facility on Paramount’s Hollywood lot
Project Launches Paramount’s New Post Production Village
Hollywood (Calif.) and Paris (France). – Paramount Pictures, a unit of Viacom (NYSE: VIA and VIA.B) and Thomson (Euronext Paris: 18453; NYSE: TMS), through its Technicolor activities, today announced plans to create a state-of-the-art post production sound facility on the Paramount Hollywood lot. The new sound facility will become the centerpiece of Paramount’s Post Production Village, providing a wide range of post production services for filmed entertainment, television productions and commercial producers.
As a key feature of Paramount’s Post Production Village, the new sound facility will include two world-class theatrical mixing stages as well as a full complement of ADR, television mixing and audio editorial rooms.
“We are thrilled to team with Technicolor during this exciting time of expansion to our post production services,” said Frederick Huntsberry, Chief Operating Officer, Paramount Pictures. “This sound facility is a significant opportunity to grow our business and an important step in Paramount’s efforts to provide filmmakers, as well as television and commercial producers, with a wide range of services in a convenient studio environment.”
“It is a pleasure to join with a studio of Paramount’s history of excellence on this important project. We look forward to establishing a facility that will offer marquee services to both Hollywood and the global entertainment community,” stated Frédéric Rose, CEO of Thomson.
Technicolor will manage the operation of the new facility in collaboration with Paramount. In addition, the Paramount Post Production Village will provide producers with editorial facilities to base their entire post production operations on the Paramount lot. The opening of the facility is anticipated for the first quarter of 2010.
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