Technicolor Buys 49% of Digital Projection Firm

Technicolor, the Camarillo-based movie film company, is continuing to expand into digital technology by buying a significant interest in a digital projection company, Real Image Digital.

Technicolor announced last week that it paid $23 million to acquire 49% of L.A.-based Real Image Digital. Technicolor plans to invest up to an additional $60 million in the digital company based on the success of upcoming trials, according to a Technicolor media release.

Technicolor has been the leading processor of color films for the last 80 years. But within the last decade the company has increased its focus on video tape and digital video disc production, along with other forms of nonfilm products.