Thomson Signs Exclusive Long-Term Agreement
with Overture Films to Provide Range of Film & Distribution
Services
October 16, 2007
Source: Technicolor Digital Cinema
Thomson (Euronext
18453; NYSE: TMS), through its Technicolor Services division
announced it has signed an exclusive long-term agreement with
Overture Films, a film studio backed by Liberty Media and
Starz, LLC, to provide worldwide film laboratory and cinema
distribution services.
Overture Films’ CEO Chris McGurk said,
“We’ve had a strong relationship with the entire
Technicolor management team for many years now, and we are
thrilled to once again partner with such an innovative and
high quality organization.”
According to Danny Rosett, COO, Overture
Films, “Technicolor is differentiated by its unique,
clearly-stated strategy and understanding of the industry’s
digital transformation. As a result, we’re confident
in its ability to provide the industry’s most comprehensive
film and distribution services that Overture Films needs as
a new studio.”
“We are very pleased to partner with
such a dynamic independent film studio such as Overture Films,”
said Lanny Raimondo, senior executive vice president of Thomson,
and CEO of Technicolor. “Our team has a tremendous amount
of respect for Chris McGurk and Danny Rosett, and with an
exciting line-up of films slated for release in 2008, we look
forward to developing a mutually beneficial relationship that
will capitalize on the fast-changing world of filmmaking as
we make the transition towards digital.”
Under the terms of this exclusive long-term
agreement, Technicolor will provide Overture Films with an
extensive range of worldwide film laboratory services, including
35mm trailer and release printing and front-end negative processing;
cinema distribution services, including, film distribution,
security screening, advertising/publicity services, print
rejuvenation, archival, inventory storage and destruction,
and other special projects.
Thomson’s Services division offers
the industry’s most comprehensive portfolio of capabilities
from its nine full-service film laboratories in Los Angeles,
New York, Montreal, Toronto, Vancouver, London, Rome, Madrid
and Bangkok. The company is also among the world’s largest
processor of front-end and bulk release film prints, with
the ability to process more than five billion feet of release
prints annually for the most highly-regarded names in U.S.
moviemaking including DreamWorks Animation, New Line Cinema,
Paramount, Universal Pictures, The Walt Disney Company and
Warner Bros.
Overture Films is an operating unit of Starz,
LLC, which in turn is a wholly owned subsidiary of Liberty
Media Corporation that is attributed to Liberty Capital Corp.
Overture Films has several theatrical releases slated for
2008, including Righteous Kill with Robert DeNiro and Al Pacino;
Mad Money with Katie Holmes, Queen Latifah and Diane Keaton;
Sleepwalking with Charlize Theron, Dennis Hopper and Woody
Harrelson; Traitor with Don Cheadle and Guy Pearce; and Last
Chance Harvey with Emma Thompson and Dustin Hoffman.
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