Technicolor, the world’s largest videocassette, CD and DVD producer and distributor, has expanded into the Pacific Rim, investing $19.5 million in Sydney, Australia-based facility Southern Star Duplitek. Production house will use the funds to acquire rival Pacific Mirror Image, which has the only DVD manufacturing capability in the region, for $16.5 million. Combined 408-employee entity will remain based at Southern Star. Clients include Disney, Warner Bros., Universal, Paramount, Village Roadshow and BMG Records. Technicolor will hold a minority interest with rights to acquire a majority investment.
Tecnicolor invades Pacific Rim
Sinks $19.5 mil in Southern Star Duplitek