Technicolor (Euronext Paris: TCH) is expanding its digital cinema satellite distribution service in Europe, entering a partnership with leading electronic delivery provider, SmartJog.
The new partnership agreement enables Technicolor to offer the market a complete service for distribution using the SmartJog satellite network, which has access to more than 1000 sites in 9 European markets.
“SmartJog, a TDF Group company, has a well-established European digital cinema network, which Technicolor will offer to its clients to distribute features and trailers on a pan-European basis,” comments Claude Gagnon, President of Technicolor Creative Services division. “At Technicolor, we are always looking for new ways to improve efficiency of our service to the industry, whether that is through innovation or partnership deals, such as this one with SmartJog. Technicolor provides its clients the benefit of working with a single vendor to manage worldwide releases without the need to manage multiple providers across the globe”.
“We are pleased to be partnering with Technicolor in Europe who will offer its studio customers a fully-managed end to end electronic delivery solution directly to cinemas via our network”, says Jean-Sébastien Petit, CEO at SmartJog. “This partnership will further help electronic delivery become an industry standard in distribution of DCPs to cinemas. Our company is focused on accelerating our pan-European network rollout, with the objective of having 100% of first-run cinemas in target countries connected by 2016, and furthermore, we are investing in our network infrastructure. We have recently doubled our satellite capacity in Europe to support our growth”.
Technicolor offers its customers a set of services including digital cinema content mastering and distribution. Leveraging a hybrid distribution platform comprised of leading physical and electronic distribution mediums, including key management to ensure the security and reliable delivery of content to movie theatres, Technicolor delivers its customers’ content to digital cinema sites worldwide, with conversion estimated at 70% by year end 2012. Technicolor continues to seek opportunities to grow its digital cinema distribution footprint both organically as well as through partnerships with leading distribution providers in various markets.