PARIS, France, CAMARILLO, Calif., (March 12, 2002) - Thomson multimedia (NYSE: TMS; Paris Euronext: 18453) today announced the acquisition of Los Angeles, California-based Still in Motion, a privately held DVD compression and authoring full-service bureau for content creators. Terms of the transaction were not disclosed.
With this acquisition, Thomson adds to Technicolor expertise in post-production services worldwide. In particular, the acquisition provides DVD compression and authoring, regionalization, graphics, and menu design capabilities to Technicolor Creative Serviceís digital post-production services offering, extending its reach in the digital media value chain. This move will enable Technicolor Creative Services to serve its customers on a worldwide basis with a seamless hand-off from its new Burbank-based digital intermediates business.
"As part of Thomsonís strategic vision to advance, enable and manage the digital media transition, Still in Motion sits at the intersection of content preparation and DVD replication and is an important element to further development of Technicolorís integrated, end-to-end service offering," said Bob Beitcher, president, Technicolor Creative Services. "The companyís close working relationship with major Hollywood studios makes the integration of Still in Motion into our organization that much more satisfying."
With annual sales of about $10m, Still in Motion is a market leader in DVD compression, authoring, regionalization, menu designs and graphics. The Company employs more than 40 and has recently completed a string of major blockbuster titles.
As part of the transaction, Thomson is acquiring Still in Motionís production operation and headquarters in Los Angeles. Still in Motionís existing management team will continue to handle day-to-day operations of the company.
"With the financial and technical support of Technicolor, we are excited to be moving Still in Motion to the next level," said Clive Bush, principal, Still in Motion. "We are pleased to be joining the Technicolor Creative Services family and look forward to offering our customers a richer and more complete service offering," said Steve Wyskocil, principal, Still in Motion.
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Certain statements in this press release, including any discussion of management expectations for future periods, 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 managementís current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements due to changes in global economic, business, competitive market and regulatory factors. More detail information on the potential factors that could affect the financial results of Thomson multimedia is contained in the Thomson multimediaís filings with the U.S. Securities and Exchange Commission.
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About Thomson multimedia
With sales of 10.5 billion Euros (U.S. $ 9.3 billion) in 2001
and 73,000 employees in more than 30 countries, Thomson multimedia
(Paris Euroclear: 18453) (NYSE: TMS), provides a wide range
of video (and enabling) technologies, systems, finished products
and services to consumers and professionals in the entertainment
and media industries. To advance and enable the digital media
transition, Thomson multimedia has five principal activities:
Digital Media Solutions, Displays and Components, Consumer Products,
Patents and Licensing, and New Media Services. The company distributes
its products under the THOMSON, RCA and TECHNICOLOR brand names.
Technicolor is a Thomson multimedia (NYSE:TMS) business within Digital Media Solutions, a Thomson division focused on giving content providers, broadcasters, network operators, and advertisers the digital building blocks required to deploy electronic entertainment services. Technicolor is the worldís leading provider and distributor of motion picture film prints, DVDs, CDs and Videocassettes. On an annualized basis, the company processes more than three billion feet of motion picture film and has the capacity to produce approximately 250 million DVDs, 500 million CDs and 800 million videocassettes.
Technicolor is also a pioneer in digital cinema distribution technology and services as well as a leading global provider of distribution and logistics management services for motion picture release prints, marketing collateral and in-theatre screen advertising.
With main offices in Camarillo, Calif., Technicolor serves an international base of entertainment and software customers with its facilities in the U.S., Canada, Mexico, Europe and Australia. Major Hollywood clients include The Walt Disney Company, DreamWorks SKG, New Line and Warner Bros. Software publishers include Microsoft, Vivendi Universal Interactive, Electronic Arts and Hewlett-Packard.
Jean-Loup Bourgois - Tel: 318.104.22.16803 -