Deluxe Acquires Creative Services and Media Services Business Units from
Ascent Media

    
    Completes Previously Announced Transaction to Enhance Post-Production
    Service Offerings




    
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<p><span class="xn-location">HOLLYWOOD</span>, <span class="xn-chron">Dec. 31, 2010</span> /CNW/ -- Deluxe Entertainment Services Group Inc. announced today that it has closed its acquisition of Ascent Media Corporation's (Nasdaq: ASCMA) Creative Services and Media Services businesses, including the well-known brands of Company 3, Beast, Method, Rushes, Encore <span class="xn-location">Hollywood</span> and Level 3 Post.</p>
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<p>Many of the acquired business units provide creative and media services in television and commercial post production that go beyond Deluxe's portfolio of services for the theatrical market.</p>
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<p>"In the coming weeks and months, Deluxe will be advising customers on the new service offerings," said Cyril Drabinsky, President and CEO of Deluxe.  "We look forward to providing our customers with the best that the combined companies and teams of talented employees have to offer," Drabinsky added.</p>
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    About Deluxe

    
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<p>Deluxe Entertainment Services Group Inc., a wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc., is the leading provider of a broad range of entertainment industry services and technologies to major <span class="xn-location">Hollywood</span> Studios and an international client base. Services include motion picture film processing, printing and distribution; EFILM® and Company 3® digital intermediates; feature and television post production and subtitling services; titles design and digital VFX; DVD compression, encoding and authoring; digital cinema services, digital asset management, digital distribution; and marketing fulfillment services. Laboratory and post production facilities are located in <span class="xn-location">North America</span>, <span class="xn-location">Europe</span>, and <span class="xn-location">Australia</span>. Deluxe Digital Studios offer home entertainment services in <span class="xn-location">North America</span>, <span class="xn-location">Europe</span> and <span class="xn-location">India</span>. For more information, please visit <a href="http://www.bydeluxe.com">www.bydeluxe.com</a></p>
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For further information: Cathy Main, Vice President Marketing of Deluxe Entertainment Services Group, [phone], [email protected] Web Site: http://www.bydeluxe.com