Thomson Multimedia has this week confirmed its purchase of the Grass Valley Group (GVG) and, through its Technicolor subsidiary, has added two more companies to its list of acquisitions.The $172m (#121m)
Thomson Multimedia has this week confirmed its purchase of the Grass Valley Group (GVG) and, through its Technicolor subsidiary, has added two more companies to its list of acquisitions.The $172m (#121m) GVG deal, which was first announced in December last year (Broadcast, 21.12.01), has been granted regulatory approval in both Europe and the US. In a statement, Thomson said the products, technologies and services of GVG would be combined with those in the Thomson broadcast solutions business.A spokeswoman said it was too early to say whether there would be any impact on jobs and the product line but these issues would be looked at over the coming weeks. She also said the immediate focus was on preparing for NAB at which all the Thomson broadcast solutions products, including those of GVG, would be shown on one stand.Meanwhile, in the last two weeks, Technicolor has bought privately held post-production services provider Vidfilm, which has operations in London, Los Angeles, New York and Singapore, as well as setting in motion a deal to buy Panasonic's DVD operations in the US and Europe.Vidfilm will become part of Technicolor's creative services group, although the existing management team, led by president and chief executive Richard Andrews, will continue to handle day-to-day operations. The terms of the deal were undisclosed.Technicolor creative services president Bob Beitcher said: 'As Thomson continues to expand its range of service capabilities around the world, Technicolor is pleased to be in a position to offer its customers the highest quality digital media solutions.'The Panasonic deal is subject to regulatory approval and due diligence but will see Thomson take over the Panasonic Disc Service Corporation (PDSC) which produces and distributes DVDs and CDs. PDSC has operations in six locations in the US, Mexico and Europe.These deals are the latest in a run of acquisitions by Thomson which include the purchase of Technicolor from Carlton Communications in December 2000 (Broadcast, 11.12.00) and much of the Philips professional broadcast group last year (Broadcast, 1.6.01).- Grass Valley Group has also this week unveiled details of three new products in its digital news production range. A low-resolution desk-top browse facility called NewsBrowse has been added to the line-up, along with non-linear field editor NewsEdit LT and shared-storage system NewsShare.