While this press release doesn't go into details, we can just speculate that even a well-regarded, established veteran of the New York post scene like Mega Playground (in business since 1994) found the ever increasing competition and ever tightening post budgets too much for it to continue. Postworks will occupy Mega Playground's 609 Greenwich Street premises while ditching the name.
Slate Media Group, a leading independent provider of post-production services to the film and television industry, announces that its PostWorks New York has acquired the assets of Mega Playground, a post production facility located at 609 Greenwich Street in New York's West Village. Simultaneously, the Company entered into a new long-term lease at 609 Greenwich Street reflecting the commitment of Slate Media Group and PostWorks to downtown New York, the hub for television and feature finishing.
"This acquisition significantly adds much needed capacity to our New York operations," said Slate Media Group New York's COO Rob DeMartin. With Slate Media's other West Village and Soho footprint, the combined companies will offer 185,000 square feet of space for post-production services, making it New York City's largest facility.
Slate Media Group provides post-production services to film and television producers through several brands, including Technicolor – PostWorks New York, PostWorks New York and bi-coastal Hula Post Production. Collectively, Slate Media Group companies provide a full range of post-production services, including dailies, lab services, editorial system rentals, editorial conform, color grading, finishing, graphics, sound editorial and sound finishing.
"We are thrilled to combine the Mega Playground facilities and services with the Slate Media Groupfamily of companies," stated DeMartin. "We are excited by the potential for our clients, both current and new."
Mega Playground was formed in 1994 and serves a diverse clientele that includes major film and television studios, broadcasters, independent producers, documentary filmmakers and others.
About Slate Media Group
Slate Media Group is an entertainment technology services company driven to redefine the intersection of technology and creativity. The company provides film and television studios, production companies, independent producers and other content creators with technologies, services and expertise that are crucial to bringing their creative visions to life.
At a time when tools and techniques of media production are undergoing revolutionary change, Slate Media Group collaborates with its clients to develop unique solutions to the challenges they face to help them achieve even higher levels of creative excellence and production efficiency. slatemediagroup.com
–SHOOT Publicity Wire