Screenvision Lands New Controlling Owner

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Screenvision, one of the two big cinema rep firms, has a new controlling owner. U.K.-based ITV Plc and Technicolor announced Monday (Sept. 27) an agreement to sell their majority stake in Screenvision to Shamrock Capital Growth Fund II, a private equity fund focused on media, entertainment and communications investments, for $80 million cash.

As part of the transaction, ITV will sell its entire 50 percent stake in Screenvision to Shamrock. Technicolor, will retain a minority stake and continue to provide Screenvision with film and digital services.

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