Singulus Technologies AG announced that Microservice, Brazil decided in October 2009 to buy the Singulus system BLULINE II for its prerecorded Blu-ray Disc (BD) replication and, now, the system has successfully passed its final acceptance test and all verifications.
Cinram International Income Fund reported its 2009 fourth quarter and year end financial results. According to the statement, Cinram posted a consolidated loss of $20 million ($0.37/share) in Q4 2009, down from loss of $23.1 million ($0.42/share) during the same quarter of 2008. For the full year 2009, Cinram lost $33.5 million ($0.61/share) compared to …
Cinram International Income Fund announced that it was advised by KPMG LLP, Cinram’s auditor and tax advisor, that in its view an error was made in certain of Cinram’s previously filed tax returns for 2008 and prior years. KPMG has advised Cinram that the matter may result in an understatement of net income tax liabilities …
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More sad news today. Sony Corporation of America (SCA) announced that that its Sony DADC Americas (SDA) subsidiary will shift DVD production from its Pitman, New Jersey plant to its main manufacturing facility in Terre Haute, Indiana. This move will result in the loss of 160 jobs in Pitman, which currently employs approximately 570 people. …
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M2 Engineering AB announced that it is transferring its optical disc activities to M2-ODA International Ltd., which will exclusively market, sell and support M2 equipment and spare parts. The transfer will be finalized and executed before April 1, 2010.
EDCI Holdings, Inc. announced that the potential purchaser of Entertainment Distribution Company, LLC’s (EDC) Entertainment Distribution Company GmbH (EDC GmbH) subsidiary and certain related assets and entities (German EDC Business) has terminated further negotiations.
Technicolor SA announced financial results for its full year 2009. According to the statement, Technicolor’s revenues dropped 14.5% to €3.53 billion (US $4.8 billion) in 2009 with a full-year net loss of €342 million (US $465 million).
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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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 …
Cinram International Income Fund (Cinram), a major manufacturer and distributor of prerecorded DVDs, Blu-ray Discs, audio CDs, and CD-ROMs, announced that it has received written notice from Warner Home Video Inc. (WHV) that WHV has exercised its option to terminate its service agreements on July 31, 2010. The notice covers all Cinram entities globally and …
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Troostwijk Auctions is conducting an online public auction of equipment from the Entertainment Distribution Company (EDC)’s replication plant in Blackburn (United Kingdom). Items include CD production lines, mastering suites, packaging lines, screen printing machines and infrastructure.