Technicolor - Varying fortunes
Technicolor has issued a further update on how COVID-19 is affecting the group, having withdrawn guidance at the time of the AGM in March. With studios and advertisers halting all live action filming, Production Services is the most affected segment. DVD services has fair demand for its back catalogue, with production continuing for now, while Connected Home is building back up to speed as its Asian supply chains recover. We have withdrawn our forecasts while the economic picture clarifies. The €300m capital raise is set for Q220, having been approved by shareholders.Technicolor is engaged in the media and entertainment and consumer services industries. Co. develops technologies that provide the solutions and services offered to its business clients (content creators and distributors, Network Service unique expertise to patent its innovation and monetize its IP portfolio, Providers and Pay-TV operators). Co.'s innovation and Intellectual Property (IP) portfolio comprises video, audio, communication/interoperability, content distribution and local network technologies. Co.'s activities can be divided into three main segments: Technology, Entertainment Services and Connected Home.
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