TECHNICOLOR
PARIS : TCH

November 02, 2011 13:19 ET

Technicolor completes the sale of its stake in ContentGuard to Pendrell Technologies LLC

PARIS--(Marketwire - Nov 2, 2011) - Technicolor (Euronext Paris: TCH) today announces that it has completed the sale of its 25.7% stake in ContentGuard to Pendrell Technologies LLC, a wholly owned subsidiary of Pendrell Corporation (NASDAQ: PCO).

The terms of the deal are presented in the press release of September 29, 2011. In accordance with Technicolor's reinstated debt agreements, the net disposal proceeds of approximately $24.6 million will be applied to the prepayment of the Group's reinstated debt.

About Technicolor

Technicolor is home to industry-leading creative and technology professionals committed to the creation, management and delivery of entertainment content to consumers around the world. Propelled by a culture of innovation and underpinned by a dedicated research organization, the company's thriving licensing business possesses an extensive intellectual property portfolio focused on imaging and sound technologies. Serving motion picture, television, and other media clients, the company is a leading provider of high-end visual effects, animation, and postproduction services. In support of network service providers and broadcasters globally, Technicolor ranks among the worlds' leading suppliers of digital content delivery services and home access devices, including set-top boxes and gateways. The company also remains a large physical media service provider, being one of the world's largest film processors and independent manufacturers and distributors of DVDs and Blu-ray™ discs. Euronext Paris: TCH www.technicolor.com

ContentGuard VUS: http://hugin.info/143597/R/1560227/482651.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: TECHNICOLOR via Thomson Reuters ONE

[HUG#1560227]

Contact Information