ENGLEWOOD, CO — Ascent Media Corporation is selling the Creative Services and Media Services businesses of Ascent Media Group to Deluxe Entertainment Services Group Inc. (www.bydeluxe.com) for approximately $68 million.
AMG’s Creative Services business unit provides high-end post services for feature film, advertising and entertainment television clients. AMG’s Media Services business provides Hollywood studios, content owners and distributors with a suite of services for storing, managing and distributing content.
Deluxe Entertainment Services Group is a wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc. Its 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; marketing fulfillment services and intellectual property security systems.
Ascent Media will continue to own AMG’s content distribution and systems integration businesses, though the company is pursuing strategic alternatives for both business units. The Deluxe transaction is expected to close by the end of 2010.