Saban Capital, a private equity firm, to acquire Panavision, a video equipment provider, and Sim Video International, a video equipment provider, for $622m. “We are excited to partner with Kim along with the Panavision and Sim teams to capitalize on the explosive growth in content spending. Advancements in technology and the emergence of streaming have fundamentally changed how consumers watch and discover content. This is driving significant growth in the market for production and post-production services. This secular trend creates a tremendous opportunity for Panavision to leverage its leading technology and pursue opportunistic acquisitions to grow in a manner that is agnostic to the content creator and distribution channel,” Haim Saban, Saban Capital Chairman.