: Slate Media Group Sells Wexler Production Business to Clair GlobalLast Updated: September 27, 2012 4:40 pm GMT
(Burbank, California--September 27, 2012) Slate Media Group, a leading independent provider of production and post production services for motion pictures and television, has entered into a binding agreement to sell its Wexler Production business line to Clair Global, a global leader in wireless sound, sound reinforcement and other sound services for live events and broadcast.
Under the terms of the agreement, Clair Global will acquire the Wexler name from Slate and will service current Slate production customers. Under the Wexler Production business line, Slate supplies cameras and other production gear, and production audio equipment to television and independent film productions. Slate Media Group will retain its wholly owned Wexler Post Production business line, which supplies editorial systems and related assets to film and television productions. It will be integrated into Slate’s Hula Post Production unit.
“We believe this agreement will serve the best interests of both companies, as well as the best interests of our clients,” said Slate Media Group CEO David Rosen.
Rosen added that Wexler’s production team has been working closely with their counterparts at Clair Global for more than a year. “From the point of view of Wexler clients, we expect a seamless transition,” he observed. As part of the agreement, Slate Media Group and Clair Global will conduct a joint effort to market their respective production and post-production operations. The transaction is expected to close the beginning of October.
In addition to Hula Post Production, Slate Media Group operates the post production facilities PostWorks, and Technicolor – PostWorks, both in New York.
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.