Technicolor beefs up French biz

Company buys Quinta's ADJ, SIS, Scanlab

PARIS — Technicolor is aiming to become a key player in France’s post-production and film distribution biz with the acquisition of a number of the bankrupt Quinta Industries’ subsidiaries.

A French commercial court greenlit Technicolor’s bid to take over audio companies Auditorium of Joinville (ADJ) and SIS as well as post-production house Scanlab, which provides digital conversion, including VOD and digital cinema package mastering.

Technicolor previously owned 17% of Tarak Ben Ammar’s Quinta Industries — which went bankrupt last month — but didn’t have an operational role.

“Technicolor is already a world leader in digital post-production and distribution, notably in Hollywood, Canada, Italy, U.K., Spain and Asia, and we were looking for an opportunity to strengthen our position in France, which has one of the world’s most powerful film industries,” said Michel Vaquin, prexy of Technicolor Entertainment Services France, the recently launched banner that will regroup the former Quinta companies.

Added Vaquin, “It makes perfect sense for us to have a larger presence in France, especially since our headquarters are in Paris and we’re listed on the Paris stock market.”

Technicolor aims to earn €10 million ($13 million) this year from its Gallic arm, Technicolor’s CEO Frederic Rose told business trade Les Echos.

Vaquin said the company will use its credibility, research resources, vast network and expertise to turn the French shingles into profit-making outfits.

Technicolor will keep on 70% of ADJ, SIS and Scanlab’s workforce — some 34 staffers.

In addition, Technicolor is bidding to acquire Quinta’s Duboi, Gaul’s top vfx and post-production shingle.

If the sale is approved by the courts, Technicolor will hire 20 more staffers from Duboi.

Technicolor Entertainment Services France has also announced the opening of a dubbing facility for film and TV content near Paris.

Filed Under:

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