Technicolor & Relativity Media Form Strategic Partnership for Range of Production, Post Production & Distribution Services
10 Januar 2011 - 11:48AM
Business Wire
Technicolor (Euronext Paris: TCH) (NYSE: TCH) today announced it
has formed a strategic partnership with Relativity Media, a media
and entertainment company known for creating, financing and
distributing content across all platforms, to provide a broad range
of services including production, post production, release printing
and distribution services for theatrical and subsequent
windows.
“As partners, Technicolor and Relativity Media are both very
like-minded innovators and strategic thinkers,” commented Michael
Joe, president of Relativity Media. “After a complete assessment of
the market, we selected Technicolor because of their broad
commitment to the industry, their remarkable legacy and leading
digital capabilities.”
Under the terms of the exclusive long-term agreement,
Technicolor will provide Relativity Media with an extensive range
of production and post production services including visual effects
and film services including 35mm trailers release printing, and
front-end negative processing. Also included are theatrical
distribution services across both 35mm film and digital cinema,
along with marketing services. Technicolor will also be a preferred
provider a number of digital services including DVD compression
& authoring, media management, and digital delivery to
consumers.
“We are delighted to be broadening and deepening our
relationship with a fast moving partner like Relativity Media as
they continue evolving their business model,” said Frederic Rose,
CEO of Technicolor. “As the industry shifts rapidly to digital, we
are committed to continue our investment in technology innovation
to provide the most efficient and advanced workflows and services
to our partners.”
About Technicolor
Technicolor is home to industry-leading creative and technology
professionals committed to the creation, management and delivery of
entertainment content to consumers around the world. Propelled by a
culture of innovation and underpinned by a dedicated research
organization, the company’s thriving licensing business possesses
an extensive intellectual property portfolio focused on imaging and
sound technologies. Serving motion picture, television, and other
media clients, the company is a leading provider of high-end visual
effects, animation, and postproduction services. In support of
network service providers and broadcasters globally, Technicolor
ranks among the worlds’ leading suppliers of digital content
delivery services and home access devices, including set-top boxes
and gateways. The company also remains a large physical media
service provider, being one of the world’s largest film processors
and independent manufacturers and distributors of DVDs and Blu-ray™
discs. Euronext Paris: TCH - NYSE: TCH - www.technicolor.com
About Relativity Media,
LLC
Relativity Media, LLC is a media and entertainment company that
focuses on creating, financing and distributing first class,
studio-quality entertainment content and intellectual property
across multiple platforms, as well as making strategic partnerships
with, and opportunistic investments in, media and
entertainment-related companies and assets. Relativity owns and
operates Rogue, a company that specializes in the production and
distribution of films targeted to the 13-25 year old audience.
Building upon its foundation of financing and producing films,
Relativity has grown to include music, sports and television
divisions and the next-generation social network iamrogue.com.
Relativity also owns and operates RelativityREAL, Relativity’s
television arm, which has become one of the leading suppliers of
reality television with more than 20 shows in episodic or
pilot.
To date, Relativity has committed to, produced and/or financed
more than 200 studio-quality motion pictures through 2014. Released
films have accumulated more than $15.0 billion in worldwide box
office revenue. Relativity’s recent films include Salt, Despicable
Me, Grown Ups, Charlie St. Cloud, Dear John, It’s Complicated,
Zombieland, Couples Retreat, Get Him to the Greek, Robin Hood, and,
most recently, The Fighter, Little Fockers, Season of the Witch and
The Social Network. Upcoming films for Relativity include James
Cameron's Sanctum in 3D, Limitless, Take Me Home Tonight and
Immortals, Battle: Los Angeles, and Cowboys & Aliens. 33 of the
company’s films have opened at No. 1 at the box office. Relativity
films have earned 43 Oscar® nominations, including nods for Nine, A
Serious Man, Frost/Nixon, Atonement, American Gangster and 3:10 to
Yuma. 53 of Relativity’s films have each generated more than $100
million in worldwide box-office receipts.
Technicolor is a company listed on NYSE Euronext Paris and NYSE
stock exchanges, and this press release contains certain statements
that constitute "forward-looking statements" within the meaning of
the "safe harbor" of the U.S. Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are based on
management's current expectations and beliefs and are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the future results expressed, forecasted
or implied by such forward-looking statements. For a more complete
list and description of such risks and uncertainties, refer to
Technicolor’s filings with the U.S. Securities and Exchange
Commission and its filings with the French Autorité des marchés
financiers.
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