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Thomson Multimedia to Acquire Hollywood's Technicolor.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, December, 2000 by Caleca, Vic
Dec. 12--Thomson Multimedia announced a tentative $2.1 billion deal Monday to buy one of the most recognized companies in the entertainment industry: Technicolor.
California-based Technicolor, which pioneered color movies during the 1920s, is one of the world's largest motion picture film processors and also has become one the biggest manufacturers of pre-recorded DVDs, videocassettes and computer CD-ROMs.
Monday's deal, which must be finalized, would give Thomson a significant presence in the content end of the home-entertainment industry, a first for a corporation that's best known as the maker of RCA television sets, VCRs, and other products.
"I think the most important thing about today's announcement is that Thomson goes from being just...
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