DVD PLANT TO GROW; TECHNICOLOR EXPECTS BOOM.Byline: Dave McNary Daily News Staff Writer
Technicolor announced Wednesday it will spend $10 million to expand its digital versatile disc digital versatile disc or digital video disc (DVD), a small plastic disc used for the storage of digital data. The successor media to the compact disc (CD), a DVD can have as much as 26 times the storage capacity of a CD. manufacturing facility in Ventura County, allowing it to triple production to 15 million discs annually.
The company, a specialist in processing movies and videotape videotape
Magnetic tape used to record visual images and sound, or the recording itself. There are two types of videotape recorders, the transverse (or quad) and the helical. duplication, said increasing demand from Hollywood studios for DVDs, which can store massive amounts of information and offer a potentially lucrative revenue source should the technology catch on, had prompted the decision.
Technicolor will add one production line in July and another in September, and plans to hire another 40 workers to its work force of about 1,200. The company, a unit of London-based Carlton Communications, has produced more than 650,000 DVDs since it began operations eight months ago at its Camarillo plant, which also produces CD-ROMs and videocassettes. Currently, about 125 employees at the site work on DVDs.
Paul Scott, senior vice president of marketing, said he expects Technicolor will boost DVD DVD: see digital versatile disc.
in full digital video disc or digital versatile disc
Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. operations again within the next year to handle anticipated demand from the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. ``We're seeing this expansion as a second step, not a final one,'' he added.
DVD players A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. went on sale about a year ago with price tags of $600 for bare-bones models, while movies began selling for $25 to $40 per copy.
In a separate announcement Wednesday underscoring the growing popularity of the DVD format See VOB and DVD. , Panasonic Disc Services Corp. said it will open a second DVD facility employing between 700 and 1,000 people in Torrance at a plant containing more than 120,000 square feet of manufacturing space. Panasonic opened a DVD-production site in Torrance last August and that facility currently has 100 employees.
Panasonic, part of the Japanese conglomerate conglomerate, in business
conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. Matsushita Electric Industrial Co., had considered sites in Mexico and Tennessee prior to selecting Torrance. It did not disclose how much it will spend on the new site.