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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