NEW YORK – SEPTEMBER 23, 2014 – Deluxe Entertainment Services Group Inc. today announced that it has received a $100 million capital commitment from MacAndrews & Forbes Holdings Inc. to support Deluxe’s transition to a fully digital entertainment services company.
This capital will ensure that Deluxe can enhance and expand the services it offers to its clients which include the major Hollywood studios, broadcast/cable/satellite providers, digital distribution networks, advertising agencies, gaming companies as well as content owners and creators. Expanding to a fully digital services company is central to Deluxe’s growth strategy and this capital will allow Deluxe to complete this transition.
“This capital will greatly enhance Deluxe’s ability to deliver a 100 percent digital experience to a wide-range of clients and represents a show of confidence by MacAndrews & Forbes in Deluxe’s growth strategy,” said Paul Meister, President, MacAndrew’s & Forbes Holdings, Inc.
Deluxe Entertainment Services Group Inc. is a global leader in media and entertainment services for film, video and online content, from capture to consumption.
Since 1915, Deluxe has been the trusted partner for the world’s most successful Hollywood studios, independent film companies, TV networks, exhibitors, advertisers and others, offering best-in-class solutions in production, post-production, localization, distribution, asset and workflow management and new digital solution-based technologies.
With operations in Los Angeles, New York and around the globe, the company employs nearly 6,000 of the most talented, highly honored and recognized artists and industry veterans worldwide. Deluxe is a wholly owned subsidiary of MacAndrews & Forbes Holdings Inc. For more information visit www.bydeluxe.com.
Contact: Christine Taylor