VALENCIA'S CINETECH ACQUIRED BY ASCENT MEDIA ACADEMY AWARD-WINNING FIRM SPECIALIZES IN FILM RESTORATION.Byline: Daily News VALENCIA Valencia, region, Spain Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia. - A Valencia company that specializes in movie restoration and preservation was acquired by Santa Monica-based Ascent Media Ascent Media Group LLC provides creative and technical media services, including post-production work, for the media and entertainment industries. Customers include studios, producers and networks. Ascent Media is based in Santa Monica, California. Group, Inc., for an undisclosed sum. Academy Award-winning Cinetech, Inc., the market leader in the business, will remain in Valencia and focus on photo-chemical and digital restoration and asset protection, while traditional film processing dailies and lab services will be handled at AMG's Burbank lab. Founded in 1990 by Sean Coughlin, company president, Cinetech has worked on content from every major film library in the world - more than 8,500 titles including ``The Wizard of Oz Wizard of Oz reaches and departs from Oz in circus balloon. [Children’s Lit.: The Wonderful Wizard of Oz] See : Ballooning Wizard of Oz false wizard takes up residence in Emerald City. [Am. Lit. ,'' ``Easy Rider,'' ``On the Waterfront,'' ``In the Heat of the Night'' and ``Lost Horizon.'' The company was owned by Westar Capital, a private equity firm in Costa Mesa Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. . Cinetech has received numerous accolades, including the 2002 Scientific and Engineering Award from the Academy of Motion Picture Arts and Sciences for the engineering and development of the RCI-Color Film Restoration Process. ``We are delighted to be joining the team at AMG AMG All Music Guide (music website) AMG All Media Guide (group of media websites) AMG All Movie Guide (Movie website) AMG Arzneimittelgesetz (German Law) ,'' Coughlin said. ``Ascent Media's global reach and market position, combined with Cinetech's expertise and reputation, creates a powerhouse A fourth-generation language from Cognos that was introduced in the late 1970s for midrange computers. It supports both character-oriented, terminal-based applications as well as Windows clients. Applications developed under PowerHouse can be imported into Cognos' Axiant client/server environment. of restoration and preservation services for the feature film, television and home entertainment industry.'' Coughlin will continue to manage Cinetech and also will assume overall leadership of AMG's Burbank lab operations. ``After 30 years of working in the lab industry and watching it evolve through many incarnations, it is exciting to see the combination of these two great facilities under Sean Coughlin's leadership,'' said Don Nikkinen, vice president of AMG's lab services. ``I am looking forward to working with Sean on this transition.'' AMG is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of publicly held Liberty Media Corp. and provides creative and technical services to the media and entertainment industries. |
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