More Broadcast Vendor M&A: Blackmagic Picks Up Assets of Cintel International

Posted by Joe Zaller
Jul 25 2012

In a now familiar move, Blackmagic Design has acquired the assets and intellectual property of film scanning pioneer Cintel International, following the Cintel’s liquidation earlier in 2012.  Terms of the deal were not disclosed.

As a result of this transaction, Blackmagic now owns all aspects of Cintel’s entire portfolio of film scanning products. This includes all of the IP, name and brand ownership and product development rights for the Cintel diTTo and dataMill digital scanners lines, URSA, C-Reality, DSX, and Millennium telecine lines as well as imageMill data management products.

Blackmagic says that service and support for existing Cintel customers will be handled by UK based Cine Solutions Ltd. and US based Cine Solutions Inc. Both are independent of Blackmagic Design and will supply replacement parts and repairs, provide expert engineering services as well as 24/7 maintenance help line to all users of equipment previously manufactured and supplied by Cintel International.

The move is the latest in a series of transactions in which fast-growing Blackmagic has swept in to purchase the assets of a challenged broadcast technology vendor.  Other notable examples from the same playbook include DaVinci Systems, EchoLab, and Teranex.  In these instances, Blackmagic has typically purchases companies or their assets when they became available as a result of challenges for the target company, and then quickly re-introduced products from the acquired companies, or introduced new, lower-cost version of the legacy company’s previous products. 

In each case, Blackmagic dramatically slashed the sales price of products from newly acquired firms to a fraction of what they had been in their previous incarnation. It remains to be seen how what the company will do with a niche product as complex and costly as a film-scanner. 

But Blackmagic has faced down skeptic before and its strategy appears to be working as the company continues to grow organically and through acquisitions, as it disrupts many traditional aspects of the broadcast technology market.  Technology buyers certainly seem to have embraced the company in certain areas.  Our 2012 study of the broadcast industry shows that Blackmagic is highly ranked in a variety of metrics including innovation, and perhaps unsurprisingly, value.

“This is a very exciting acquisition for Blackmagic Design” said company founder and CEO Grant Petty. “Cintel products are the most trusted names in the film scanning business, and the incredible design expertise that has been built into every one of the Cintel products is amazing,”

“The film market is in the middle of massive changes and how film is used is changing everyday. What hasn’t changed is the acknowledgement that film is an extremely creative way to capture images. This acquisition gives Blackmagic Design the ability to combine our vision and expertise with Cintel technology to provide the best technology for artists using film, more efficient and affordable ways to bring film into a digital workflow and better ways to archive and restore existing archive film worldwide,” said Petty.

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Related Content:

Press release: Blackmagic Design Acquires Assets of Cintel International

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© 2012 Devoncroft Partners.  All Rights Reserved.

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