Ex-Thomson, Technicolor now, trying to straighten up and definitely wants to turn the page.After the creditors and shareholders have approved the restructuring plan to reduce debt by 2.8 billion euros to 1.55 billion euros, Technicolor announced Tuesday in a statement he signed a partnership with 'American Warner Bros., to duplicate and distribute DVDs and Blu-Ray.
The French group said that this contract will generate significant revenues from the third quarter of 2010.
"Associating their expertise in creating entertainment and key technologies associated with the unique experience of Technicolor innovation technology offers many opportunities for both parties," said the president of Technicolor, Frederick Rose.
Weakened by serious financial difficulties, Technicolor has decided to relaunch by signing a strategic partnership with the world leader in terms of volumes of physical media (DVD and Blu-ray combined).
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