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Lipsync Saved: Ireland’s Playhouse Studios Buys Assets Of Troubled ‘The Brutalist’ Post House
Ireland's Playhouse Studios has swooped for the assets of storied UK post-production house Lipsync, which recently went into administration.
Deadline revealed in May that Lipsync had effectively filed for the British version of Chapter 11 bankruptcy amid the brutal landscape for post-production companies after the pandemic and Hollywood strikes. The Playhouse deal ends that process and means Lipsync will not go the same way as the likes of Technicolor, which imploded earlier this year in one of the most spectacular corporate collapses of recent times. Playhouse’s acquisition of the storied company comes as the post industry battles a continued and damaging downturn, with Technicolor’s closure leading to huge job losses and the likes of DNEG laying hundreds off.
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