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Parent Firm Announces Investment in Technicolor

VALLEY AND VENTURA COUNTY | VENTURA COUNTY ROUNDUP
/ BARBARA MURPHY

April 07, 1998

Carlton Communications Plc of the United Kingdom has announced a $10-million investment in the production and distribution of digital versatile discs by its wholly owned subsidiary, Technicolor Inc. of Camarillo.

Technicolor produces prerecorded videocassettes and has a growing business in manufacturing DVDs and other disc-based formats. The company is investing the $10 million to build two new manufacturing lines, which will triple Technicolor's DVD replication capacity from 5 million to 15 million units per year.

Technicolor's clients include Hollywood studios, major independent rights holders and interactive-content publishers.

"We're expanding in both videocassette and DVD because both markets are growing," said June de Moller, managing director of Carlton. "The next stage will be to install DVD capacity to serve the Eastern United States and Europe. We expect to announce and complete this expansion in the next 12 months."

Technicolor has manufactured more than 650,000 DVDs at its optical media plant in Camarillo.

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