Technicolor adds to vid

Share in Mexican market grows

LONDON — Britain’s Carlton Communications is expanding its Technicolor video subsidiary with acquisitions in both Canada and Mexico.

Technicolor, the world’s largest video duplicator, is picking up Toronto-based VTR Video, one of Canada’s major video outfits, for $12 million. The acquisition adds Universal to Technicolor’s Canadian clients.

More Central de Video

In Mexico, the company is buying the 50% of Central de Video it does not already own from Grupo Video Visa for $7 million. Technicolor entered the Mexican market nine months ago with its initial stake in Central.

Technicolor now has operations in eight countries. It is believed to be planning to enter the southeast Asian and Eastern European markets.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading