Managing director Neil Harris wants to make the most of the facility's £2m investment in DI last year including the purchase of a Spirit 4K telecine, by branching out into the new areas which he hopes will become a key part of the business.
Harris told Broadcast: 'The dailies business lasts from 3am - when the rushes are bought in - until lunchtime. But I want to make sure that the kit is paying for itself 24/7 with better and wider use. Remastering work is less time sensitive and it makes sense that we diversify into this market during our downtime.'
Projects already underway include material from the BFI's catalogue and the distributor Indigo Films.
The new division will be headed by director of sales and marketing Richard Fish, who has joined the company from Ascent Media.
Harris has also appointed two current staff as board members. Greg Barrett has become director of film and the facility's senior colourist, John Claude, has become director of DI and grading.
It is almost a year since Midnight Transfer went into voluntary administration, and Harris' dormant (non-trading) company Midnight Film Productions Ltd took on the assets, goodwill and intellectual property from the administrator.
Harris said new tax breaks meant work from Hollywood had returned, with projects in from Lucas Film, New Line and Universal. The company also worked on feature film Venusstarring Peter O'Toole and Leslie Phillips.
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