Deluxe Acquires Creative Services and Media Services Business Units from Ascent Media

By Deluxe Entertainment Services Group Inc., PRNE
Thursday, December 30, 2010

Completes Previously Announced Transaction to Enhance Post-Production Service Offerings

HOLLYWOOD, December 31, 2010 - Deluxe Entertainment Services Group Inc. announced today that it has
closed its acquisition of Ascent Media Corporation's (Nasdaq: ASCMA) Creative
Services and Media Services businesses, including the well-known brands of
Company 3, Beast, Method, Rushes, Encore Hollywood and Level 3 Post.

Many of the acquired business units provide creative and media services
in television and commercial post production that go beyond Deluxe's
portfolio of services for the theatrical market.

"In the coming weeks and months, Deluxe will be advising customers on the
new service offerings," said Cyril Drabinsky, President and CEO of Deluxe.
"We look forward to providing our customers with the best that the combined
companies and teams of talented employees have to offer," Drabinsky added.

About Deluxe

Deluxe Entertainment Services Group Inc., a wholly-owned subsidiary of
MacAndrews & Forbes Holdings Inc., is the leading provider of a broad range
of entertainment industry services and technologies to major Hollywood
Studios and an international client base. Services include motion picture
film processing, printing and distribution; EFILM(R) and Company 3(R) digital
intermediates; feature and television post production and subtitling
services; titles design and digital VFX; DVD compression, encoding and
authoring; digital cinema services, digital asset management, digital
distribution; and marketing fulfillment services. Laboratory and post
production facilities are located in North America, Europe, and Australia.
Deluxe Digital Studios offer home entertainment services in North America,
Europe and India. For more information, please visit

Cathy Main, Vice President Marketing of Deluxe Entertainment Services Group, +1-323-960-8454, cathy.main at

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