Broadcast News

Bookmark and Share
14/03/2012

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)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

08/12/2014
Ericsson Opens New Paris Facility
Ericsson has opened a new broadcast and media services facility in Boulogne-Billancourt near Paris. The Mediadome houses a 3,000 square meter state-of
03/10/2017
Gearhouse Broadcast Makes Two Key Sales Appointments
Gearhouse Broadcast has made two key sales appointments in North America as part of its growth strategy in the region. Based in Gearhouse Broadcast US
02/10/2017
dB Broadcast Helps Lay Foundations For A Digital Future
dB Broadcast has announced the completion of a key part of a connectivity transition project that transforms the way the BBC provides and manages its
28/09/2017
Astucemedia Bridging Gap Between Broadcast Graphics
Astucemedia, leaders in bridging the gap between broadcast graphics, creative design and data integration, demonstrated its new Interactive and AR Foo
28/09/2017
Commedia To Demonstrate Advanced Network Optimisation Solutions at Broadcast India
Commedia – who were recently named a Bridge Technologies business partner for the country - will present Bridge Technologies' extensive range of solut
21/09/2017
BMS Partners With Broadcast Solutions GmbH
BMS and Broadcast Solutions GmbH have announced a partnership that will combine the strengths of both companies to provide more comprehensive solution
20/09/2017
ES Broadcast Hire Invests In Sony Equipment
ES Broadcast Hire has announced a significant investment in Sony equipment. The news was revealed at IBC2017, and the investment involves Sony 4K HDR
27/06/2005
Australian consortium Creative Broadcast Services agree to buy BBC Broadcast division
A contract has been signed with an Australian consortium, 'Creative Broadcast Services' to purchase BBC Broadcast in a deal put at £166 million that i
13/06/2017
ES Broadcast Hire Adds To Operations
ES Broadcast Hire has announced the addition of a new office in Madrid, as well as the appointment of two regional business development staff. The new
22/03/2012
Ericsson Acquire Technicolor's Broadcast Division
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 €
20/11/2017
Marquis Broadcast – Media Management Made Simple
As storage capacities grow and timescales shrink, managing your media and metadata has never been more important. Whether you're a large broadcaster o
20/11/2017
Gearhouse Broadcast Adds To Portfolio
Gearhouse Broadcast has confirmed that it has expanded its portfolio of Wisycom's RF technology, purchasing multiple Wisycom MFL wideband optical link
09/05/2017
Christy Media Solutions Is At Broadcast Asia: Stand 6J4-05
Christy Media Solutions is exhibiting at Broadcast Asia for the first time this year. As a regular visitor to the show and with a growing customer bas
27/04/2017
Lawo Adds SOUL To Broadcast IP Network
Lawo has announced the debut of its new Seamless Orchestration and Unification Layer (SOUL), an overarching orchestration service for IP-based product
21/04/2017
Omnitek Debut New Broadcast Waveform Rasterizer
Omnitek has announced that it will launch its new Broadcast Waveform Rasterizer at NAB 2017, Booth C7915. The Ultra TQ is a fully equipped waveform ra