Technicolor, as a follow-up to its recent purchase of 100% ownership of Paprikaas, announced that it has rebranded its Paprikaas animation studio to Technicolor India. Over the past year, Technicolor has significantly expanded its animation offering in India and more recently the company has grown the Bangalore studio to include visual effects, as well as compression and authoring services. Nickelodeon’s new Kung Fu Panda TV series, produced for the worldwide broadcast market, and initially comprising 26 episodes, is currently being animated in Technicolor India. The company's long standing customers include DreamWorks Animation, Nickelodeon, Electronic Arts and several other animation and gaming content creators. The company is a leading provider of production, postproduction, and distribution services. Technicolor is also one of the world’s largest film processors and one of the largest independent manufacturers and distributors of DVDs (including Blu-ray Disc).
“India has emerged as the Asian destination of choice for animation. This enhances our India investments in Paprikaas over the past few years. We have aggregated and developed the best and the finest skill sets in the industry blending international and local artists,” said Frederic Rose, CEO, Technicolor. “Our point of difference is that we have migrated the best practices, garnered through our connectivity with our global business partners. We plan to continue our aggressive growth path in India. Our facility is expanding to support both our core animation and gaming businesses, our visual effects offerings and our compression and authoring services.”
Nickelodeon and Technicolor have developed a strong production relationship based on the studio’s CGI work on Penguins of Madagascar, rated the No. 1 kids’ show on cable TV in the United States.
Biren Ghose, the studio’s general manager, stated, “Consolidating further within Technicolor gives us greater scope and opportunity, while providing our artists from all over the country the opportunity to work on great projects with ‘a-list’ clientele.”
About Technicolor (Euronext Paris 18453; NYSE: TCH)
With more than 95 years of experience in entertainment innovation, Technicolor serves an international base of entertainment, software, and gaming customers. The company is a leading provider of production, postproduction, and distribution services to content creators and distributors. Technicolor is one of the world’s largest film processors; one of the largest independent manufacturers and distributors of DVDs (including Blu-ray Disc); and a leading global supplier of set-top boxes and gateways. The company also operates an Intellectual Property and Licensing business.
For more information: www.technicolor.com
Technicolor is a company listed on NYSE Euronext Paris and NYSE stock exchanges. This press release may contain certain statements that constitute "forward-looking statements" within the meaning of the "safe harbor" of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Technicolor’s filings with the U.S. Securities and Exchange Commission and its filings with the French Autorité des marchés financiers.
