to Deluxe in full by 2004), Technovision France (2004), the motion picture camera-rental arm of the Canadian rental house William F. White International (2005), the digital camera rental company Plus8Digital (2006), the international lighting and equipment company AFM and the camera company One8Six (2006), and the camera inventory of Joe Dunton & Company (2007). On July 28, 2006, Mafco announced it was acquiring the remaining Panavision stock and returning the company to private status. A $345 million credit line from Bear Stearns and Credit Suisse was secured to finance the company's debt as well as to facilitate "global acquisitions." That same year, Mafco acquired Deluxe Entertainment Services Group. In March 2010, citing a drop in production and difficulty servicing significant debt as a result of the 1998 Mafco transaction, shareholder MacAndrews & Forbes agreed to a debt restructuring arrangement with Panavision's creditors. Private equity firm Cerberus Capital was the lead investor in the deal, which involved a US$140 million reduction in debt and a US$40 million cash infusion. In return the majority shareholder Ronald Perelman was required to relinquish control of Panavision, and he no longer has any equity in the company. In June 2013, its creditors sued over an unpaid debt of $1.7 million, threatening to dissolve the company if they win. On September 13, 2018, Saban Capital Acquisition Corp. announced the purchase of Panavision and Sim Video International in a $622 million cash and stock deal. The proposed transaction was intended to create a comprehensive production and post-production entity. Saban Capital Acquisition Corp. intended to change its name to Panavision Holdings Inc. and was expected to continue to trade on the Nasdaq stock exchange. Saban ended up terminating its deal to acquire Panavision on March 1, 2019. Panavision 3D Panavision 3D was a system for presenting 3-D film in a digital cinema. It was a passive stereoscopic 3D system that utilized spectral comb filters produced using thin-film optics technology. In such systems, the visible spectrum is broken into alternate bands of light that evenly span the entire visible spectrum. In June 2012, the Panavision 3D system was discontinued by DVPO Theatrical, who marketed it on behalf of Panavision, citing "challenging global economic and 3D market conditions". See also List of motion picture film formats PV mount Notes References External links Panavision's Future is in Need of Focus by Richard Verrier, The Los Angeles Times, July 20, 2009 Video