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Technicolor Creative Studios: 9-month 2023 Business Update

Retrieved on: 
Wednesday, October 25, 2023

Technicolor Creative Studios Q3 2023 revenues decreased by -48.1% at current rate (-44.8% at constant rate) to €111.7 million.

Key Points: 
  • Technicolor Creative Studios Q3 2023 revenues decreased by -48.1% at current rate (-44.8% at constant rate) to €111.7 million.
  • At MPC, Q3 2023 revenues were down -56.8% year-on-year to €44.8 million, while 9-month 2023 revenues amounted to €167.5 million, down -47.1% at current rate (-44.6% at constant rate).
  • IFRS net debt amounted to €678 million as of September 30, 2023, compared with €610 million as of June 30, 2023.
  • The projected delisting of the Company along with these new financing arrangements attest to the strength of Technicolor Creative Studios’ shareholder support.

Technicolor Creative Studios Q1 Business Update

Retrieved on: 
Monday, May 15, 2023

Technicolor Creative Studios revenues amounted to €168 million in the first quarter of 2023, down -15% at current rate (down -14% at constant rate) compared to the same period in 2022.

Key Points: 
  • Technicolor Creative Studios revenues amounted to €168 million in the first quarter of 2023, down -15% at current rate (down -14% at constant rate) compared to the same period in 2022.
  • This significant growth was driven by a low Q1 2022 with major feature animation projects ramping up in H2/2022 for deliveries in H1/2023.
  • Based in Montreal, this industry veteran will be building on the Development service offering for Technicolor Games as the business continues its global expansion and service lines.
  • A contract termination due to the decision by producers to rewrite a show’s script, is expected to have a negative impact on Technicolor Creative Studios revenue growth over the next quarters.

Technicolor Creative Studios: 2022 Full Year Results and business update

Retrieved on: 
Friday, March 10, 2023

PARIS (FRANCE), March 10, 2023 – Technicolor Creative Studios (Euronext Paris: TCHCS) (the “Company”) today announced its Full Year unaudited 2022 financial results1.

Key Points: 
  • PARIS (FRANCE), March 10, 2023 – Technicolor Creative Studios (Euronext Paris: TCHCS) (the “Company”) today announced its Full Year unaudited 2022 financial results1.
  • To better seize market opportunities and strengthen Technicolor Creative Studios’ leading positions, the Company took a series of concrete measures through the Re*Imagined program.
  • I would like to express my utmost gratitude to all Technicolor Creative Studios teams, who have demonstrated relentless commitment towards delivering extraordinary work to our clients.
  • The Technicolor Games team contributed to eight global releases including FIFA 23, the biggest selling sports title of 2022.

STAR-STUDDED ANIMATED FEATURE, "OZI: VOICE OF THE FOREST" TO DEBUT ITS FIRST LOOK AT THIS YEAR'S ANNECY ANIMATION FESTIVAL

Retrieved on: 
Friday, June 10, 2022

LOS ANGELES, June 10, 2022 /PRNewswire/ -- GCI Film has announced that its animated family feature, Ozi: Voice of the Forest, will be debuting its first scenes at the Annecy Animation Festival on June 15th in France, with a panel conversation featuring Executive Producer Rodrigo Blaas, the film's Director, Tim Harper, and the award-winning Animation team from Mikros Animation.

Key Points: 
  • Produced by GCI Film and Directed by Tim Harper, the Mikros Animation production is slated to release in late 2022.
  • The original screenplay was written by Emmy Award-winning Ricky Roxburgh (Tangled, Spy Kids).
  • With creative development from concept-to-delivery from the Mikros Animation team, the fully CGI film features the animation work of over 300 animation experts globally, driven by both their passion for storytelling, and communicating the underlying social cause.
  • The film's producers and Animation team at Mikros Animation will be speaking about Ozi: Voice of the Forest and debuting the film's first full-length scenes exclusively at the Annecy Animation Festival, on June 15, 4:00pm 5:15pm local time.