World Media Group Inc. announced that it will expand its manufacturing operations in Indiana, creating up to 28 new jobs by 2012. According to the statement, the company, which replicates DVDs, compact discs (CDs) and flash drives will invest more than $2 million to expand production at its 100,000 square-foot manufacturing facility on Indianapolis’ east …
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SINGULUS TECHNOLOGIES Group (SINGULUS) announced that, according to preliminary figures, it achieved sales of approx. € 116.4 million (US $159.9 million) in its business year 2009. According to the statement, the company’s 2009 earnings before interest and taxes (EBIT) were characterized by general market weakness and additional burdens from € 37.4 million (US $51.4 million) …
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BRICKBOX DIGITAL MEDIA s.r.o. announced that it has acquired Hungarian service provider Media Vision Kft.
Harman International Industries, Incorporated announced results for its second quarter FY 2010 ending December 31, 2009.
DTS, Inc. announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2009 following the close of the market on Monday, February 22, 2010. DTS will also host a corresponding conference call and live webcast at 1:30 p.m. Pacific Time.
Sonic Solutions Inc. announced financial results for the third quarter of its 2010 fiscal year. According to the statement, Sonic posted a third quarter net loss of $344 thousand ($0.01/share) compared to a loss of $111 million ($4.27/share) for the same time in 2008. Net revenue fell to $26.39 million from $26.53 million last year. …
DIGITIMES reports that CMC Magnetics’ chairman Robert Wong expects Blu-ray Disc (BD) shipments to comprise 10% of his company’s revenues in Q2, rising to 20% in Q3 2010. Gross margins for BDs currently range from 30% to 40%.
Standard & Poor’s announced that it has lowered its ratings on Cinram International Inc. (Cinram), including the long-term corporate credit rating to ‘B-‘ from ‘B’. In addition, it placed Cinram’s ratings on CreditWatch with negative implications.
Technicolor announced that it has entered into a strategic partnership with Warner Bros. covering a broad number of areas. According to the statement, Technicolor and Warner Bros. have entered into a long term contract covering replication and distribution services for DVD and Blu-ray discs, which is expected to start generating material revenue for Technicolor in …
In a filing to the Bombay Stock Exchange, Moser Baer India Ltd. announced that, in addition to the $100 million (USD) it previously announced its intention to raise, it will seek to obtain a further $65 million (USD) in funding.
Various published sources report that that Sony Pictures plans to lay off 450 of its employees (6.5% of its workforce) as well as not fill 100 open positions to help deal with declining DVD sales, piracy and other challenges facing the company.