MBL For Sale After Loosing DVD Supply Contracts
MBL Group announced that it is up for sale after its largest customer, Wm Morrisons Supermarket in the U.K., terminated its long-standing DVD and CD supply contracts with the company.
Archive of posts tagged Cinram
Cinram Reports Q4 2010 Results
Cinram International Income Fund announced its fourth quarter 2010 and year to date financial results.
Lenders Support Cinram Refinancing Plan
Cinram International Income Fund announced that it has achieved 99.2% lender support for its previously announced proposed refinancing and recapitalization transaction.
S&P Slashes Cinram’s Credit Rating
Standard & Poor’s Ratings Services announced that it has lowered its long-term corporate credit rating of Cinram International Inc. three levels from ‘CCC+’ to ‘CC.’ Additionally, Standard & Poor’s has lowered its issue-level rating on Cinram’s senior secured debt to ‘CC’ from ‘CCC+’ (recovery rating remains at ‘4’) and placed all Cinram ratings on CreditWatch …
Cinram Acquires 1K Studios
Cinram International Income Fund announced that it has acquired Los Angeles-based 1K Studios. Financial terms of the agreement were not disclosed.
Cinram Proposes Refinancing Plan
Cinram International Income Fund announced a proposed refinancing and recapitalization transaction with its current lenders.
Cinram Cuts 310 Workers in Olyphant
Some sad, but not unexpected, news today. Various sources report that Cinram Manufacturing, LLC has completed it latest round of layoffs at its optical disc production facility in Olyphant, PA.
Warner Music Group Signs With Cinram
Cinram International Income Fund announced that it has entered into a series of new agreements with Warner Music Group under which Cinram will continue to serve as Warner’s primary supplier of manufacturing and distribution services for Warner’s recorded music products in the U.S., Canada and parts of Europe.
Cinram Home Video Revenue Falls 28%
Cinram International Income Fund announced its 2010 third quarter and year to date financial results. According to the statement, Cinram reported revenue of $254.1 million in the third quarter of 2010 compared to $348.8 million in Q3 2009. Earnings from continuing operations for Q3 2010 was $12.0 million ($0.22/unit basic) compared with $13.9 million ($0.26/unit …
Cinram Schedules Q3 2010 Earnings Call
Cinram International Income Fund announced that will report its third quarter 2010 financial results on Tuesday, November 2, 2010, after market close.
Cinram Boosts Blu-ray Production in Germany
Some positive news today. Cinram GmbH in Germany announced that it is expanding its prerecorded Blu-ray Disc (BD-ROM) manufacturing capacity.