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WOODLAND HILLS, CA-Panavision, the specialist in camera systems used by the film and TV industries, plans to combine operations now conducted in two facilities totaling 173,000 square feet into a single location in Burbank. The company says that it is looking for property to accommodate the new facility, which would house camera rental and crane rental operations, manufacturing and research and development, as well as its corporate headquarters. Panavision now operates from Woodland Hills offices totaling 150,000 square feet and a Hollywood’s location of 23,000 square feet.

Margit Elo, president of US operations for Panavision, said in a statement that the company’s consolidation into one location coincides with the expiration of leases at the two existing facilities. “The upcoming expiration of our current leases provides us with the opportunity to consolidate our Los Angeles-based operations into a new facility in close proximity to many of our studio, television and commercial customers,” Elo said. According to Bill Bevins, president and CEO of Panavision, “In today’s economy, it just makes sense to combine our facilities.” The company expects to identify a site in 2009 and begin the relocation process.

Founded in 1954, Panavision designs and manufactures camera systems and accessories that are rented through its domestic and international owned and operated facilities and distributor network. Panavision also supplies lighting, grip and crane equipment for use by motion picture and television productions.

Among the movies for which the company has provided camera equipment lately are “Pirates of the Caribbean,” “Transformers: Revenge of the Fallen” and “Terminator Salvation.” The many TV shows on which its equipment is used include “24″ and “Desperate Housewives.”

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