Category Archives: Business

4590 articles found

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Schneider-Kreuznach Restructures, Scraps Planned MFT Lenses

Schneider Optics parent company Schneider-Kreuznach announced a restructuring that adds a new precision engineering division alongside the company's existing film and photo and imaging system business segments. Among the casualties of the reorganization are plans for the company to produce … more »

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Panavision Announces “Major” Debt Reduction in Recapitalization

Panavision got a new lease on life this month, as creditors agreed to convert most of the company's long-term debt into common stock. The company said the recapitalization represented a "major reduction" in its debt that would give it the necessary … more »

Quantel/Snell Survey Sees a Slow Transition to 4K, IP Video

Even as Quantel said it was shipping its first 8K finishing system, Quantel and Snell released results from an international survey indicating that transitions to next-generation technology like 4K and video-over-IP are expected to happen slowly. Of more than 1,000 respondents, … more »

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Worldwide 3D Box Office Roars to Life with Jurassic World

3D is alive and well in international markets, with Jurassic World earning about 65 percent of its box-office take outside the U.S. from 3D screenings, according to RealD, which provides its RealD Cinema Systems and 3D glasses to movie theaters worldwide. … more »

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Benchmark Post to Take Over Former Todd-Soundelux Burbank Studio Space

A new audio post-production company, Benchmark Post, is launching in Burbank, with plans to occupy the former Todd-Soundelux offices on West Alameda this fall. Benchmark Post founder Pedro Jimenez, a re-recording mixer who started up movie-trailer audio specialist Benchmark Sound … more »

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Kinefinity’s 4K and 6K Cameras to Bundle Assimilate Scratch

Assimilate is partnering with Beijing-based camera maker Kinefinity to give purchasers of the KineMini 4K or KineMax 6K cameras a one-year license of Assimilate's Scratch on-set and post-production software. As part of the deal, which gives Assimilate a foothold in the burgeoning … more »

Richard Crudo Will Be ASC’s President for the Sixth Time

The American Society of Cinematographers is keeping its leadership in place, with its entire slate of officers gaining re-election. Richard Crudo will serve his sixth term as president—he served for three consecutive terms beginning in 2003, and was re-elected to … more »

Prime Focus World, Double Negative to Open VFX Studio in Mumbai

Prime Focus World and Double Negative are planning a new VFX facility in Mumbai's Film City, the epicenter of Bollywood filmmaking. The new studio will be modeled on Double Negative's existing facilities and infrastructure in London, Vancouver, and Singapore. The … more »

Mixamo

Adobe Buys 3D Character Animation Specialist Mixamo

Adobe has purchased Mixamo (San Francisco, CA), maker of a 3D character pipeline aimed at game developers, including an automatic online rigging tool designed to quickly turn 3D meshes into standardized, fully rigged skeletons. Mixamo said its software and services … more »

The Foundry Has a New Owner: London-Based Equity Firm HgCapital

The Foundry has changed hands, with London private equity firm HgCapital acquiring a majority stake in the company from Washington, D.C.'s Carlyle Group for $312 million. The move puts an end to speculation that the London-based VFX and design software vendor … more »