London’s premier media and motion graphic production company, The Pavement, has secured major new investment from Goldcrest Group – one of the largest independent film production and post production companies in the US and UK.

The venture, which will see the Soho-based company remain privately owned between Managing Director Andy Evans and Goldcrest is intended to strengthen and develop The Pavement’s current service offering, including Blu-ray, DVD, online, mobile and production. Plans to expand into Goldcrest’s New York facility is also in the pipeline for later this year.

“We are delighted with the investment Goldcrest has made in our business,” said Managing Director, Andy Evans. “The Pavement is a boutique company with an ever-expanding client list, praised for serving the constantly changing demands of the dynamic industry within which we work. Our collaboration with Goldcrest ensures we can grow at the demanding pace necessary in order to continue to provide our customers with the culture, quality and creativity for which we have become well known over the last 10 years.”

New services include film resolution, HD and SD picture and sound restoration and post production, and film finance in both the UK and the US. Goldcrest Film Finance has invested in 18 films over the past two years including Tropic Thunder, Revolutionary Road and Knowing.

Although the investment deal between the two companies has been agreed today, the relationship between The Pavement’s Managing Director Andy Evans and Goldcrest Post Production CEO Keith Williams spans more than a decade. The pair first worked together at TVI, where they founded Stream – one of the first DVD facilities in the UK in 1998.

Story filed 27.04.09