Technicolor opens a new Visual Effects studio and Expands post-production capacities in Montreal
23 September 2013 - 6:25PM
September 23, 2013 - During a press
conference organised today with Ms. Pauline Marois, Quebec Premier, Technicolor
(Euronext Paris: TCH) announced the opening of a new Visual Effects studio
boasting state-of-the-art technology and a renewal of its post-production
services with the relocation of the existing installations to a single site
equipped with the very latest technology. By doing so, Technicolor will
consolidate its presence in Montreal (Quebec) while reasserting its commitment
to the environment with support of the Government of Quebec.
Technicolor, the world leader in production and post-production services, is
pursuing its strategy aimed at extending both its range of products and services
and its geographical presence while developing new solutions designed to support
its customers in the digital transition. By enhancing its activity in Montreal,
Technicolor will further increase its proximity to its customers, in particular
those based in North America.
The new visual effects studio, opening under the brand MPC, covers more than
2,300m² in the old town of Montreal and will be home to more than 200 creative
talents who will serve the rapidly expanding Montreal film market. This
installation, promoted by the Government of Quebec, which actively supports this
industry through fiscal measures and interest-free loans, will complement an
existing network of six studios in locations around the world (London,
Vancouver, New York, Santa Monica, Bangalore and Amsterdam). The new premises
will officially open on 28 October 2013. The team in Montreal is already hard at
work on projects such as "Into the Woods" (Walt Disney Pictures), "X-Men Days of
Future Past" (Twentieth Century Fox) and "Cinderella" (Walt Disney Pictures).
Premier Pauline Marois stated "By choosing Montréal, Technicolor can count on a
pool of specialized, highly-qualified, highly-educated, experienced, creative,
talented people who are ready to commit themselves, in a favorable economic
environment. Investing in Québec's metropolis enables the company to benefit
from very competitive tax treatment, along with low business start-up and
operating costs."
Frederic Rose, CEO of Technicolor, stated, "I am particularly happy that this
new development will strengthen our network in North America with equipment and
the very highest quality talent. I thank the Government of Quebec for its
continued involvement alongside our industry. Through its investment, Quebec has
created a favourable environment and particularly well-adapted training programs
within the Montreal region."
The Technicolor post-production services (front end, image, sound, restoration,
dubbing and distribution), previously housed at four sites and employing 200
people, will soon be relocated to a single site at 2101 Ste-Catherine in
Montreal. The technical equipment will be renewed to offer a state-of-the-art
service.
# # #
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. Euronext Paris: TCH Ÿ www.technicolor.com
Contacts
Press: +33 1 41 86 53 93
technicolorpressoffice@technicolor.com
Investor relations: +33 1 41 86 55 95
investor.relations@technicolor.com
MONTREAL VUS: http://hugin.info/143597/R/1730796/578494.pdf
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