Technicolor Revenue Drops, But DVD, Blu-ray Up30 Oct, 2013 By: Chris Tribbey
Paris-based Technicolor saw its third-quarter revenue drop from €922 million ($1.26 billion) to €881 million ($1.2 billion), with revenue drops in the company’s technology, entertainment services and digital segments.
However, despite an 11.2% drop in revenue in entertainment services, disc replication volumes increased 3%, thanks to a 26% jump in Blu-ray replication year-over-year. Iron Man 3 (Disney), World War Z (Paramount), The Great Gatsby (Warner), Oblivion (Universal) and combo packs in general helped drive the increase. Game replication volume rose 25%, primarily, thanks to Grand Theft Auto V.
In total for the quarter, Technicolor moved 314 million DVDs, down from 326 million during the same quarter in 2012, and 69 million Blu-rays, up from 55 million.
Technicolor did see a rise in its connected home segment, with revenue of €361 million $495.6 million, up more than 4%
“As we continue to deliver solid operational results, we remain focused on strengthening our core competencies and seeking out new opportunities in next-generation video and audio technologies,” said Technicolor CEO Fred Rose. “In parallel, our connected home and entertainment services activities continued to generate profitable growth and gain market share, while our licensing activities delivered another robust performance.”