Technicolor beefs up French biz

PARIS -- Technicolor is striving being key player in France's publish-production and film distribution biz using purchasing most of the bankrupt Quinta Industries' subsidiaries. A French commercial court greenlit Technicolor's bid to think about over audio companies Auditorium of Joinville (ADJ) and SIS additionally to write-production house Scanlab, which gives digital conversion, including VOD and digital cinema package learning. Technicolor formerly possessed 17% of Tarak Ben Ammar's Quinta Industries -- which went bankrupt lately -- but didn't include an operational role. "Technicolor was already a worldwide leader in digital publish-production and distribution, specifically in Hollywood, Canada, Italia, U.K., The nation and Asia, which i was trying to find an opportunity to bolster our position in France, which has one of the world's best film industries," mentioned Michel Vaquin, prexy of Technicolor Entertainment Services France, the recently launched banner that will collect yourself the prior Quinta companies. Added Vaquin, "Celebrate sense for people to experience a bigger presence in France, especially since our headquarters will be in Paris and that we take presctiption the Paris stock market." Technicolor aims to earn millions of ($13 million) this year in the Gallic arm, Technicolor's Boss Frederic Rose told business trade Ces Echos. Vaquin mentioned the business uses its credibility, research assets, huge network and expertise to exhibit french shingles into profit-making clothes. Technicolor can keep on 70% of ADJ, SIS and Scanlab's work force -- some 34 staffers. Furthermore, Technicolor is investing in an offer to obtain Quinta's Duboi, Gaul's top vfx and publish-production shingle. Once the purchase meets the approval from the courts, Technicolor will hire 20 more staffers from Duboi. Technicolor Entertainment Services France has furthermore introduced the opening from the dubbing facility for film and tv content near Paris. Contact the number newsroom at news@variety.com