Technicolor to acquire Mr. X

Technicolor has reached an agreement to acquire Mr. X, a leading North American provider of visual effects to premier television and international film clients.

Mr. X joins Technicolor’s production services division, which includes MPC, expanding Technicolor’s VFX services globally to high-end television and international film projects.

MPC will continue to address leading projects for both its studio and advertising clients.

Mr. X and its clients will be able to access Technicolor’s post production portfoilo, and will operate as Technicolor’s VFX brand for television.

Dennis Berardi, co-founder and president of Mr. X, will become global managing director of Mr. X and will report to TTim Sarnoff, president of production services for Technicolor.

Sarnoff commented: “This significantly increases the spectrum of services we can offer our clients. Having Dennis Berardi’s leadership and his incredibly creative team join Technicolor gives us unrivaled talent, expertise and capacity.”

“By joining forces with Technicolor’s production services division, we will have greater scale, resources and access to cutting edge technology and R&D to serve our clients and to continue to grow the business,” added Berardi.

Mr. X has worked or is currently working on major television series including Vikings, Penny Dreadful and The Strain, as well as films including RoboCop and the Resident Evil franchise for Constantin Film.

The acquisition remains subject to approval by the Government of Canada’s Department of Canadian Heritage.