Deluxe Entertainment to acquire StereoD

Deluxe Entertainment Services Group Inc., a postproduction residence tranquil by billionaire Ronald Perelman, continues to bulk up.

The Hollywood association pronounced Wednesday it had a reached an agreement to acquire StereoD, a Burbank business that specializes in a 3-D acclimatisation of such cinema as “Thor,” “The Green Hornet” and a arriving “Captain America” from Marvel Studios.

Financial terms were not disclosed.

“StereoD has grown fast in a year and a half, not usually since of a exclusive VDX record though a proven ability to use a clients,” pronounced Cyril Drabinsky, boss and arch executive of Deluxe. “They are a ideal fit for Deluxe, both for StereoD’s normal melodramatic calm business and in new areas such as 3-D Blu-ray, 3-D TV channels, 3-D commercials and 3-D streaming content.”

The understanding is a latest pointer of converging in Hollywood’s postproduction business. In November, Deluxe, in a pierce to offer a wider operation of services, announced a understanding to acquire a bulk of Ascent Media Group, a Santa Monica postproduction association tranquil by wire colonize John Malone, for $68 million.

Hollywood’s rush to modify dozens of films to 3-D has been a bonus to companies such as StereoD, that employs 250 people. The company’s stream president, William Sherak, will continue to run a business and will news to Drabinsky.

Deluxe is a world’s largest processor of film and Blu-ray discs and also provides a operation of digital media services to a film and TV industries. It has postproduction comforts in North America, Europe and Australia.

richard.verrier@latimes.com