Deluxe completed its previously announced acquisition of Rainmaker Income Fund's post-production and vfx business in Vancouver and its vfx operation in London. The divisions have been renamed Deluxe Vancouver Ltd., which is a division of Deluxe Ent. Services Group Inc.
The acquisition does not include Rainmaker's animation business in Vancouver.
"We are pleased that the Minister of Canadian Heritage approved the deal," said Cyril Drabinsky, President/CEO of Deluxe Entertainment Services Group. "A talented group of people are joining our worldwide operation," added Drabinsky.
Deluxe Entertainment Services Group Inc. (www.bydeluxe.com), a wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc., is a leading provider of a broad range of entertainment industry services and technologies to major Hollywood studios and an international client base. Services include motion picture film processing, printing and distribution; EFILM digital intermediates; post-production and subtitling services; titles design and digital VFX; DVD compression, encoding and authoring; digital cinema services, digital asset management, digital distribution; and marketing fulfillment services. Deluxe facilities include: Los Angeles, Toronto, London, Rome, Florence, Madrid, Barcelona, Vancouver, and coming soon, New York.