Having filed for chapter 11 protection on 30 November, 2015, DPS immediately sought court approval to sell its assets. After a broad solicitation of offers from multiple production technology companies in a sale ordered by the Bankruptcy Court, PRG has successfully acquired the bulk of DPS' lighting and film equipment assets. The purchase of DPS' well maintained, quality equipment will enable PRG to fulfill its ever expanding client demand in the vibrant Los Angeles markets, says the company.
"Adding these assets to our inventory goes a long way to supporting our current clients as well as the increasing number of new customers who are learning about PRG and what we can do to address their production needs," says Brian Edwards, CEO PRG North American Television. "Bringing on board this quantity of lighting products will give our customers greater access to fantastic technology. Plus these assets, including a large inventory of the Cineo Lighting HS Remote Phosphor luminaires, align well with our existing inventory - especially as we've been expanding our green screen capabilities with portable green screens."
Evan Green, CEO PRG Film, looks forward to working with the DPS clients who are very familiar with this inventory. "I know that they will find PRG and PRG Paskal to be a tremendous resource. We have some of the best people in the industry along with an array of the best solutions and equipment."
(Jim Evans)
