Carlton bids on CD operation

Pitch marks move toward DVD biz

LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs.

This marks a significant move by Carlton to help Technicolor expand into the DVD business.

Technicolor, the world’s largest film processing and video duplication company, already has capacity to make 5 million DVDs a year and is investing $10 million to raise that figure to 15 million. The acquisition of Nimbus will double that figure again to 30 million.

Carlton’s bid for Nimbus has already been accepted by 44% of the American company’s shareholders, including its management. Nimbus, based in Charlottesville, Va., reported pre-tax profits of $21 million last year on sales of $130 million.

Michael Green, Carlton’s chairman, said, “Just as the company added videocassettes to its film operations in the ’80s, now we are adding optical discs in the ’90s. The penetration of VCRs, DVD players and PC disk drives are all growing as part of the worldwide expansion of screen-based entertainment.”

More Digital

  • YouTube logo

    YouTube Sets Stricter Requirements for Creator Partners in Response to Advertiser Concerns

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

  • Amazon Fire TV - Live TV

    Amazon Fire TV Adds Live Programming Guide for HBO, Showtime, Starz, Cinemax

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

  • chromecast

    Chromecast Devices Can Cause Wi-Fi Connectivity Issues

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

  • China's iQIYI Takes Further Step to

    China's iQIYI Takes Further Step Toward IPO (Report)

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

  • Snapchat Content Chiefs Talk Redesign, Scripted

    Snapchat Content Chiefs Talk Redesign, Scripted Programming

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

  • Sheryl Sandberg

    Sheryl Sandberg, Jack Dorsey Won't Seek Re-Election to Disney Board

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

  • 75th ANNUAL GOLDEN GLOBE AWARDS --

    You Can Listen to Oprah’s Golden Globes Speech on Spotify

    LONDON — Carlton Communications, owner of Technicolor, has launched a $264 million recommended bid for Nimbus CD Intl., the Nasdaq-traded manufacturer of CD-ROMs and DVDs. This marks a significant move by Carlton to help Technicolor expand into the DVD business. Technicolor, the world’s largest film processing and video duplication company, already has capacity to make […]

More From Our Brands

Access exclusive content