Technicolor (Euronext Paris: TCH) today announced a strategic alliance with Village Roadshow Ltd, a long-standing customer and a leading entertainment company operating in Film and DVD Distribution, Cinema, Film Production, Theme Parks and Music. This agreement further strengthens Technicolors worldwide footprint by expanding its presence in Australia, where the Group is already well-established as the countrys largest DVD/Blu-ray disc replicator. It will also strengthen its Australian operations.
Since 2000, Technicolor is Village Roadshows exclusive DVD and Blu-ray manufacturing supplier. The Group served both Australian and internationally produced titles such as Happy Feet, Red Dog, Sex & the City 1 & 2, Sherlock Holmes, The Hurt Locker, Oceans 11, 12 & 13, I am Legend, Maos Last Dancer, Underbelly and many others.
Under the strategic alliance announced today, Technicolor and Village Roadshow will jointly progress the transition to digital content creation and delivery, and will further extend Technicolors existing service offerings in the Australian market including:
- Digital Cinema distribution Service Support
- DVD/BD manufacturing and distribution through Technicolors acquisition of the Roadshow distribution centre including the distribution responsibilities for Warner Bros and Paramount Home Entertainment as well as Roadshow Entertainment
- Digital Encoding, Content Preparation, Transcoding and Related Digital Media Services including MediAffinity.
We are delighted to be broadening our relationship with a leading entertainment company such as Village Roadshow Ltd, said Fr©d©ric Rose, CEO of Technicolor. Leveraging our synergies, we will be able to provide cutting-edge services to the Australian Media & Entertainment market
This strategic alliance is an important milestone, as Technicolor will become a key-partner in the provision of Entertainment Services in particular for our Film, DVD and Digital Distribution business in Australia. We look forward to expanding our close working relationship and thus further developing and distributing compelling content to consumers. said Chris Chard, Managing Director Roadshow Films Pty Ltd.
A strategic alliance strengthening Technicolors worldwide strategy
Technicolor is a global leader in production and postproduction services, and one of the main worldwide providers for Film, Digital Cinema and DVD services for content producers/owners.
In Australia, in addition to Village Roadshow, Technicolor has been a long-standing DVD and Blu-ray service provider to Warner Bros Entertainment, The Walt Disney Company, Universal Pictures International, and Paramount Pictures. Technicolor employs over 220 employees in its DVD and digital media services operations with replication operation in Melbourne and packaging, digital media services (including digital cinema) and returns processing facility in Sydney.
More broadly, Technicolor is a long term partner of Australia's leading Service Providers and content distributors like Telstra and Foxtel, providing a wide range of products and services, in particular our market leading digital home products like the Telstras T-Hub®.
The alliance signed with Village Roadshow is perfectly aligned with the Groups strategy to extend the range and depth both of its product and service offerings and its geographical coverage, while developing new solutions to support the transition of its customers to digital.