FILM, VIDEO MAKER GROWS TECHNICOLOR INC. TO BUY ASTRALTECH.Byline: Jason Z. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. Staff Writer CAMARILLO - Technicolor Inc., the world's largest film print, videocassette A removable magnetic tape module for storing video data. The cassette contains supply and takeup reel (hubs) in the same housing. See VCR. and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. production and distribution company, said Tuesday that it will buy AstralTech, Canada's second-largest duplicator of videocassettes, for $17.5 million. The acquisition helps Technicolor solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its presence in the growing Canadian market and gives the company increased capacity to produce digital video discs See DVD. Digital Video Disc - Digital Versatile Disc , which are gaining popularity as a home video format. ``AstralTech already has a well-established retail direct distribution infrastructure,'' said Quentin Lilly, president of Technicolor Video Media Services. Canada's video market is growing at a steady pace, Lilly said. Technicolor, a subsidiary of the British 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. Carlton Communications, has a DVD plant in Camarillo with the capacity to produce 18 million discs per year. That is expected to double by the end of this year because of an expansion at the plant, the company said. The AstralTech acquisition gives Technicolor facilities in Montreal and Toronto, into which Technicolor plans to consolidate its own existing duplication and distribution operations. AstralTech will become part of Technicolor's Packaged Media Group - the company's largest division, comprised of video manufacturing, optical manufacturing and distribution operations. All of AstralTech's 360-plus video duplication and distribution employees are being offered positions with Technicolor, the company said. Technicolor's Canadian operation will have the capacity to produce more than 45 million videocassette units a year. The move also better positions Technicolor to become one of Canada's leading DVD packaged media manufacturers. |
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