Technicolor USA Inc. is consolidating its six Los Angeles-area digital media facilities into a single Burbank location, the company announced Thursday.
Some 250 employees will work at the 20,000-square-foot building on Olive Avenue, which is undergoing a renovation that should be completed by fall. About 50 employees already have moved to the facility, said Season Skuro, a company spokeswoman.
The location will place the employees closer to key customers such as Walt Disney Co. and Warner Bros. Entertainment, also in Burbank. Technicolor USA’s digital cinema offices on Ontario Street in Burbank are not part of the move.
Digital media services include digital distribution, editing, tape-to-file conversion, and audio and quality control. It has become a growing business for Technicolor as Internet streaming has become more popular and companies such as Netflix Inc., in Los Gatos, and Amazon.com Inc., in Seattle, invest in original programming requiring those services, the company said.
Technicolor USA, a subsidiary of French firm Technicolor SA, in suburban Paris, also has seen its heritage core business of film processing fade as theaters move to digital projection.
Technicolor closed its last film lab in the L.A. area in December. The Glendale lab had only opened in 2011 to replace a larger facility at Universal Studios.