Hertz Acquires Cinelease

Hertz Global Holdings, Inc. HTZ announced that Hertz Entertainment Services has acquired Cinelease based in Los Angeles, California. Lighting and grip rental revenues generated by the U.S. television and motion picture industry are estimated at $600 million annually. It is anticipated that Cinelease will deliver approximately $50 million of new revenues during 2012 as the company is integrated into Hertz Entertainment Services.