TECHNICOLOR: TECHNICOLOR CONFIRMS THE EXPANSION OF ITS PACKAGED MEDIA ACTIVITIES IN NORTH AMERICA
(Thomson Reuters ONE) -
PRESS RELEASE
TECHNICOLOR confirms the expansion of its packaged media activities IN NORTH
AMERICA
Paris (France), 13 November 2015 - Technicolor (Euronext Paris: TCH; OTCQX:
TCLRY) announced today that it has added the replication and distribution of
packaged media products of two large customers to its North American portfolio.
The volume of packaged media generated by these customers substantially
increases Technicolor's revenue base in the DVD Services division.
In order to support these customers, Technicolor has acquired for approximately
?40 million relevant North American optical disc manufacturing and distribution
assets from Cinram Group, Inc. The transaction has been entirely funded out of
available cash, with no impact to Technicolor's Adjusted EBITDA and Free Cash
Flow objectives for 2015. At least ?190 million in annualized revenues will be
added to Technicolor's Entertainment Services segment.
The transaction will also allow Technicolor to serve additional customers in
North America and thus enhance market-leading support to an expanded customer
base. Additionally, this will bolster the long-term continuity and efficiency of
the packaged media supply chain for Technicolor and its customers in North
America.
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About Technicolor
Technicolor, a worldwide technology leader in the media and entertainment
sector, is at the forefront of digital innovation. Our world class research and
innovation laboratories enable us to lead the market in delivering advanced
video services to content creators and distributors. We also benefit from an
extensive intellectual property portfolio focused on imaging and sound
technologies, based on a thriving licensing business. Our commitment: supporting
the delivery of exciting new experiences for consumers in theaters, homes and
on-the-go.
www.technicolor.com - Follow us: (at)Technicolor - linkedin.com/company/technicolor
Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in
the USA on the OTCQX marketplace (OTCQX: TCLRY).
Media Contact
Sandra Carvalho: +1 323 208 2624
sandra.carvalho(at)technicolor.com
Investor Relations
Emilie Megel: +33 1 41 86 61 48
emilie.megel(at)technicolor.com
Laurent Sfaxi: +33 1 41 86 58 83
laurent.sfaxi(at)technicolor.com
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Source: TECHNICOLOR via GlobeNewswire
[HUG#1966813]
Unternehmensinformation / Kurzprofil:
Datum: 13.11.2015 - 17:45 Uhr
Sprache: Deutsch
News-ID 434532
Anzahl Zeichen: 3512
contact information:
Town:
Issy-les-Moulineaux Cedex
Kategorie:
Business News
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