Technicolor has reached an agreement to acquire Mr. X, a North America-based (Toronto and NY) provider of visual effects to TV and international film clients. Financial terms of the deal were not disclosed. The acquisition remains subject to approval by the Government of Canada’s Department of Canadian Heritage.
Mr. X would join Technicolor’s Production Services division, which includes Oscar-winning MPC (The Moving Picture Company). MPC will continue to address leading projects for both its studio and advertising clients, while Mr. X will focus on high-concept TV production, genre features and international film co-productions. Mr. X and its clients will also be able to access Technicolor’s postproduction portfolio, proven operational excellence and leading technology solutions.
Mr. X will operate as Technicolor’s VFX brand for television and become a wholly owned subsidiary of Technicolor. Mr. X’s co-founder and president, Dennis Berardi, will become global managing director of Mr. X reporting to Tim Sarnoff, president of Production Services for Technicolor. Mr. X currently employs over 200 professionals in Toronto and New York.
“By joining forces with Technicolor’s Production Services, division,” said Berardi, “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.”
Mr. X services include design and pre-visualization, 3D animation, CGI effects, compositing, VFX supervision and production management. Mr. X has worked or is currently working on major television series such as “Vikings” for the History Channel, “Penny Dreadful” for Showtime and Guillermo del Toro’s upcoming “The Strain” for FX; as well as feature films including “RoboCop,” “Anchorman: The Legend Continues” and the “Resident Evil” franchise for Constantin Film.