Thomson gets out of Spirit business
Sep 15, 2008 10:56 AM
Thomson is selling the Thomson Grass Valley digital film transfer equipment business to private investors led by PARTER Capital Group, a private equity advisory firm based in Germany. The sale includes the Spirit film scanning system and the Bones and LUTher digital intermediate workflow tools. Financial terms were not provided.
Despite the sale, Thomson will continue to be involved in the film and post-production markets through its Technicolor Content Services facilities. The company said it also remains committed to the continued development and innovation in the application-critical areas of digital cinematography acquisition and nonlinear editing, including its Viper FilmStream camera and EDIUS software.
Jeff Rosica, senior VP of the Broadcast & Professional Solutions business unit within Thomson, said the sale is “a very positive move for Thomson and for the digital film transfer equipment business,” enabling Thomson to focus its efforts on developing new products and solutions.
Going forward, all Thomson Grass Valley digital film transfer hardware and related high-end post-production software solutions — including the Spirit family of film scanners and DataCine systems, Bones workflow tools and LUTher color space management solution — will be spun off into a new international company with operational headquarters in Germany.
The 100th second-generation Spirit system has just been delivered, adding to the more than 250 classic Spirit systems still in use.
For more information, visit www.thomsongrassvalley.com/forum.
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