Update; At least the PR from Deluxe pretended to be written to the industry. Technicolor’s PR (below) is clearly written to stockholders, with specific numbers of laid off workers and capex figures predominating, and an insistence that they will be competing where they compete. We’ve quoted from Digital Cinema Buyers Guide – Latest News for the Technicolor data at the end of this piece. End Update.
Deluxe has announced an agreement today (18 July 2011) that it and Technicolor have essentially entangled each other into one another’s film-centric strong suit: In the US, Deluxe will print the films, Technicolor will distribute them. In the UK, negative processing will go to Technicolor while release prints will come from Deluxe.