Two Plus One opens for business

Article Abstract:

Two Plus One, a television post-production facility, will officially begin operations on Oct. 1, 1998. The facility, which is housed in a five-story building on Lower St. James Street, was founded by Clive Bourne and Joy Hancock, both formerly with TV1. Bourne said the 1.5-million pounds sterling facility is being financed by several City investors and other backers whom he declined to identify. Two Plus One is equipped with a fully configured Sony digital linear suite, based around the BVE 9100 vision mixer and DME 7000 effects, and a Softimage DS suite. The facility provides aspect ratio conversions and has a highly specified master control/quality control suite with Pro Tools and Digital Visions' DVNR.

Comment:

A television post-production facility on Lower St James Street in London, UK, will officially begin operations on 10/1/98

Organizational history, Two Plus One

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Elson to join Digital Film

Article Abstract:

Digital Film, The Moving Picture Company's (MPC) special effects unit, has hired Micheal Elson to become its new head of digital film by middle of August 1998. Elson will take over the former responsibilities of Matthew Holbein, who resigned in June 1998 to work for Polygram Filmed Entertainment. Elson, who has an extensive experience in the effects industry for ten years, said the appointment will further broaden his experience. MPC managing director David Jeffers said Elson will help propel Digital Film into the US market.

Comment:

Hires Micheal Elson to become its new head of digital film by middle of 8/98

Executive changes & profiles, Digital Film

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Discreet shareholders to pursue legal action

Article Abstract:

Discreet Logic shareholders have filed a class action lawsuit against the US effects and editing company, challenging the firm's decision to be sold to Autodesk, a software design company based in the US. The lawsuit, which was filed in Marin County Superior Court in California, charges Discreet Logic of breaching fiduciary duty involving its deal with Autodesk and asks the company to reassess the agreement and declare the deal null and void. Shareholders are scheduled to vote on the deal by end of October 1998.

Comment:

Shareholders file class action suit vs company, challenging firm's decision to be sold to Autodesk

United States, Stockholder data, Discreet Logic Inc.

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