Film & Television Directory

Broadcast Industry News

Submit News Item
14 March 2012

Ericsson Buy Technicolor For £15m

Ericsson has acquired the broadcast services division of French media company Technicolor for €19 million( £15.9m) and a potential earn-out of up to €9(£7.5m) million.
The French company was called Thomson until 2010 when it took the name of its US subsidiary, better known for the invention of colour movie technology in the 1920s.
Indeed the Stockholm-based company is set to takeover Technicolor’s European playout operations in the UK, France and the Netherlands.
The acquisition will bring approximately 900 highly skilled professionals and playout operations located in France, UK and the Netherlands serving several leading broadcasters and will allow Ericsson to substantially increase its current broadcast operations in terms of channels managed and households reached.
The announced acquisition intention is in line with Ericsson's managed services strategy to broaden its capabilities in the broadcasting area.
"As the TV industry is undergoing fundamental changes with the transition to multi-platform, on-demand television, teaming up with a trusted partner enables broadcasters to meet the increasing commercial and technological complexity and competition in the TV market" said Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services, Ericsson.
"We combine our service and technology leadership with strategic investments in playout operations, broadcast capability and competence."
The deal, which is expected to complete mid-way through the year, will see 900 staff join Ericsson.
(LB)



Bookmark and Share
Top Stories
31/07/2014
Tedial To Unveil MEP At IBC
31/07/2014
ATG Danmon Scoops Partner Excellence Award
31/07/2014
AX32 Converters Capture Audio Nuances During Concert Recording
31/07/2014
Marquis Broadcast To Demonstrate Integration Solutions At IBC
31/07/2014
The Foundry Helps Autistic Students Pursue Careers In The Film Industry
31/07/2014
The Royal Society In London Selects Video Devices For Refit
30/07/2014
SuperSport Installs Calrec Console
30/07/2014
Broadcast Networks Partners With Ross Video
30/07/2014
Globecast Provides Satellite Infrastructure For The Tour de France
30/07/2014
Wohler Provides Solution For France Télévisions' Monitoring Needs
Industry News Archive


SEARCH NEWS

Search News
Tedial To Unveil MEP At IBC
ATG Danmon Scoops Partner Excellence Award
AX32 Converters Capture Audio Nuances During Concert Recording
Marquis Broadcast To Demonstrate Integration Solutions At IBC
The Foundry Helps Autistic Students Pursue Careers In The Film Industry
The Royal Society In London Selects Video Devices For Refit
SuperSport Installs Calrec Console
Broadcast Networks Partners With Ross Video
Globecast Provides Satellite Infrastructure For The Tour de France
Wohler Provides Solution For France Télévisions' Monitoring Needs
Fire Brigade Union Announce 8 Days Of Strikes
Part Of Eastbourne Pier Destroyed In Fire
Australian Weightlifter Arrested Over Athletes Village 'Incident'
Police Uncover Large-Scale Cannabis Farm
440 Turbine Irish Sea Wind Farm Plans Scrapped
Fire Destroys Former Home Of Cadbury Family
Deal Done To Save Murco Oil Refinery
Harris Sentence Will Not Be Referred Over Leniency
Ofgem Reveals Electricity Providers Price Control Measures
60 Jobs To Go At Cardiff Insurance Company
Other News In Brief
Regional Film and Video Broadcast News
abc

Flagship Media Group Ltd,
Unit C3, 6 Westbank Drive, Belfast,
BT3 9LA, Northern Ireland
Tel : (028) 90319008
Contact : Click Here

Bot / Local
01/08/2014 08:47:11