Frederick Field
Encyclopedia
Frederick Field is an American business man. He is heir to Marshall Field
who founded the Marshall Field and Company of department stores. He has investments in an entertainment company called Interscope Records
.
1984 saw a consortium led by Field pay $52.5million for Panavision
, the famous movie camera
and lens
manufacturer then based in Tarzana California
. Although the purchase was initially a management buyout
of Panavision from Warner Communications
, Field soon took full control of the company. Then in 1987 Field sold Panavision for a considerable profit to a London
based film services company Lee International
PLC. Lee paid Field $100 million for the camera manufacturer and they assumed liability for Panavision’s debt which was around $47 million.
Marshall Field
Marshall Field was founder of Marshall Field and Company, the Chicago-based department stores.-Life and career:...
who founded the Marshall Field and Company of department stores. He has investments in an entertainment company called Interscope Records
Interscope Records
Interscope Records is an American record label owned by Universal Music Group that currently operates as one third of UMG's Interscope-Geffen-A&M label group.-History:...
.
1984 saw a consortium led by Field pay $52.5million for Panavision
Panavision
Panavision is an American motion picture equipment company specializing in cameras and lenses, based in Woodland Hills, California. Formed by Robert Gottschalk as a small partnership to create anamorphic projection lenses during the widescreen boom in the 1950s, Panavision expanded its product...
, the famous movie camera
Movie camera
The movie camera is a type of photographic camera which takes a rapid sequence of photographs on strips of film which was very popular for private use in the last century until its successor, the video camera, replaced it...
and lens
Photographic lens
A camera lens is an optical lens or assembly of lenses used in conjunction with a camera body and mechanism to make images of objects either on photographic film or on other media capable of storing an image chemically or electronically.While in principle a simple convex lens will suffice, in...
manufacturer then based in Tarzana California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
. Although the purchase was initially a management buyout
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
of Panavision from Warner Communications
Warner Communications
Warner Communications or Warner Communications, Inc. was established in 1971 when Kinney National Company spun off its non-entertainment assets, due to a financial scandal over its parking operations and changed its name....
, Field soon took full control of the company. Then in 1987 Field sold Panavision for a considerable profit to a London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
based film services company Lee International
Lee International
-Early history:Lee Electric Ltd was incorporated as a business in 1961 by John Lee and Benny Lee , two film lighting electricians...
PLC. Lee paid Field $100 million for the camera manufacturer and they assumed liability for Panavision’s debt which was around $47 million.