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Five Crowns Capital (“Five Crowns”) sponsored the recapitalization of Picture Head Holdings, LLC (“Picture Head” or the “Company”) to support its continued expansion. Picture Head is a facility-based, tech-enabled business services company that provides critical post-production content editing, finishing and storage services for leading feature film, episodic TV and other media studios. The platform operates through three divisions: Picture Head, Picture Shop and Formosa Group, with multiple locations in North America focused on complementary areas of the post-production services supply chain. The Company services a diverse set of studio relationships, streaming providers and related content creation customers by leveraging the unique capabilities of each division including finishing, sounds design and editing, color editing, dailies and visual effect services.
“We are excited to partner with the Picture Head management team in supporting the next phase of the Company’s innovation and expansion,” commented David Stinnett, Partner at Trive Capital. “We believe Picture Head has built a leading reputation within its market, and most importantly, assembled a talented team and culture capable of scaling to meet its customers’ growing requirements. We believe the Company is well positioned within the broader media and entertainment industry to capitalize on the rapid increase in content creation from both traditional and streaming studio customers, coupled with limited supply and increased barriers within the post-production services niche.”
Picture Head Co-Managing Director, Mike Greenfeld stated, “Picture Head’s unique strategy and value proposition has yielded strong growth in recent years, and we look forward to continuing this momentum with partners that can provide additional capital and resources. The Company’s mission is to deliver superior services to our customers via best-in-class people and facilities, which we believe the partnership with Trive and Five Crowns will help augment. We chose both groups based on their collaborative approach, experience in the sector and ability to support continued initiatives.”
Five Crowns Managing Partner Jeffrey Schaffer added, “We look forward to working with the Picture Head management team to execute on meaningful near-term opportunities and capture additional share in an expanding market. The Company has carved out an attractive niche in the post-production entertainment space, fueled by the proliferation of episodic television, both on streaming and cable platforms, and feature films. We believe that Picture Head’s strategy is competitively differentiated, less prone to cyclical swings and poised for growth as original content continues to increase.”
About Picture Head
Headquartered in Los Angeles, Picture Head is a facility-based, tech-enabled business services firm that provides critical post-production services for leading feature film, episodic TV and other media studios. The platform operates through three divisions with multiple locations in the Los Angeles area focused on complementary areas of the post-production services supply chain. The Company services a diverse set of studio relationships and related content by leveraging the unique capabilities of each division including finishing, sounds design and editing, color editing, dailies and visual effect services.