CARTAGENA, COLOMBIA — The Montreal branch of Technicolor is partnering with Lupe Post in Mexico to provide post-production services for that country’s production market, which is expected to boom following the introduction of generous tax credits.
Under the arrangement, Lupe Post and Technicolor’s Montreal office will split delivery of the post-production services. Lupe Post will provide such services as digital conforming, titling and negative processing, while Technicolor will perform such tasks as recording the video out to 35mm, creating new inter-negatives, and doing the sound track and final color correction.
Technicolor Montreal has hired Leopoldo Soto, who began this week to work on its behalf out of Lupe Post’s offices in Mexico City.
Technicolor Montreal account manager Luis Furtado, speaking to Playback Daily at the Cartagena International Film Festival in Colombia, says his company is targeting post-production work on six to 10 feature films in the first year of the agreement.
Film production in Mexico is expected to reach at least 40 titles this year, according to Soto, following new tax credits introduced in January 2008 that enable producers to recoup a maximum of $2 million per production.
Furtado says the deal with Lupe Post is similar to an arrangement Technicolor Montreal has with Chile’s Filmosonido. Technicolor and Filmosonido work together on providing post-production services to South American productions, including this year’s La Virgen negra and 2005’s My Brother’s Wife (La Mujer de mi hermano).
Furtado says Technicolor Montreal provided more than $1 million in post-production services in South America under its arrangement with Filmosonido last year.
Production in South America is also increasing, as countries introduce film incentives. For example, a new Colombian policy, which includes a film fund and tax credits, has seen the number of features produced there rise from less than two in the 1990s to 10 in 2007, according to fund director Claudia Triana de Vargas.