Myriad Pictures has purchased a 20% stake in Broadcast Standard Inc (BSI), the LA-based broadcast and video servicing, standards conversion and digital editing facility.
BSI was founded in 1987 and acquired late last year with funds from Independent International Television, an LA-based TV distribution company controlled by Argentina's Ledafilms, Ledafilms' main investor Pedro Felix Leda and Rene Leda, who was subsequently appointed president and CEO
Under the deal, Myriad - owned by Germany's IN-motion AG - will service all broadcast and video deals through BSI. BSI will provide standard conversions, videotape duplication, online digital editing services, subtitling and closed captioning as well as full international servicing and forwarding.
Myriad's current slate includes Chen Kaige's Killing Me Softly, Al Pacino-starrer People I Know, Miguel Arteta's The Good Girl and a catalogue of feature films and video titles from the Mary Kate and Ashley Olsen franchise.