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Deluxe, the entertainment services group whose roots in Hollywood go back more than a century, has confirmed a new round of layoffs worldwide, including at its operations in Burbank and, presumably, Hollywood.
In an email statement, a Deluxe spokesperson wrote:
“We have been transforming Deluxe into a more tech-forward, platform-based company to efficiently deliver the end-to-end solutions the market requires. To that end, we have been investing in new technology and transforming our company, integrating teams to improve how content is created and distributed.“Unfortunately, as part of this realignment, we are reducing our headcount by approximately 130 across our global Distribution operations. This decision was not taken lightly, particularly given the dedication of our team members, and the important role each of them has played in the company’s growth and success. However, this is a necessary step to building an even stronger company for the future.”
While no details about local layoffs were provided, the company spokesperson did not dispute a reporter’s inquiry about around 60 people reportedly being let go in Burbank.
Owned by billionaire Ronald Perelman’s McAndrews & Forbes diversified holding company for the past dozen years, Deluxe, which has operations throughout North America, Europe, Asia and Australia, provides post-production, special effects, 3-D conversion and local formatting services to movie and video-based industries. Layoffs at Deluxe postproduction and special effects subsidiaries were reported in 2012 and 2015.
Created as a photochemical film processing lab in 1915 by pioneering movie mogul William Fox, Deluxe when in and out of 20th Century Fox’s possession over succeeding decades. The lab has won 10 technical and science Academy Awards, was instrumental in the development of the widescreen CinemaScope format, and the credit “Color by Deluxe” was as ubiquitous on mid-20th Century movies as the Technicolor logo.
It has long been moving into electronic ends of the business. In 1996, Deluxe duplicated its billionth videocassette, and by 2004 was the world’s largest DVD compressor. Its original business essentially ended 99 years after it started, in 2014, when Deluxe closed its big L.A. photochemical film processing plant as the movie industry switched over to digital production, distribution and exhibition.
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