Cinram Completes Review of Historical Tax Filings

Cinram International Income Fund announced that upon completing an extensive review of its subsidiaries’ previously filed tax returns and following on from the previous release on March 4, 2010, determined that there was a net overstatement of the Income Tax Receivable account on the Consolidated Balance Sheet of approximately $2.7 million as at December 31, …

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Cinram Rolling Out CDSA Program

Cinram International, Inc. announced the initiation of the CDSA Content Protection and Security certification process, which for over ten years has assisted content holders and their service providers in maintaining the most responsible practices and policies for secure handling of intellectual property for home video, music, video games and business software.

Cinram Reports Significant Losses

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 …

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Cinram Reviewing Historical Tax Filings

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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Warner Home Video Ends Cinram Relationship

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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