Pacific Title & Art gets funding
$3 million will support growth into digital
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Celerity is a private equity fund; Ticonderoga is a venture capital firm.
Separately, Pacific Title announced that its CEO, David Miller, has been upped to chairman of both Pacific Title and its parent company, Global Post Ventures.
In his place, David McCarthy has been promoted to prexy-CEO of Pacific Title. He will report directly to the board of directors.
"We see strong potential in growing our visual effects business, with new people and equipment," McCarthy said.
He also looks for growth in the company's YCM asset management business -- A Pacific Title team took a 2006 Academy Sci-Tech Award for its work in this area -- and in digital titles.
Founded in 1919, Pacific Title is one of the oldest and most respected post houses in Hollywood.
In recent years it has expanded from its original business doing opticals and titles into digital intermediate, visual effects, scanning & recording and asset management.
That diversification is aimed at providing studios and filmmakers one-stop shopping for most post services -- a growing trend among post companies.
