Technicolor to Acquire Mr. X Inc., Toronto's Leading VFX Studio

Technicolor to Acquire Mr. X Inc., Toronto's Leading VFX Studio

Secures Leading Position in Visual Effects for Media and Entertainment Industries

PARIS, June 10, 2014 /PRNewswire/ --



Technicolor [http://www.technicolor.com ] (Euronext Paris : TCH ; OTCQX : TCLRY)
announced it has reached an agreement to acquire Mr. X, a leading North American provider
of visual effects (VFX) to premier television and international film clients. Mr. X joins
Technicolor's Production Services division, which includes Academy Award-winning MPC (The
Moving Picture Company).



(Logo:
http://photos.prnewswire.com/prnh/20140109/663189 )




The acquisition expands Technicolor's VFX services globally to high-end television and
international film markets. MPC will continue to address leading projects for both its
studio and advertising clients, while Mr. X will focus on high-concept TV production,
genre features and international film co-productions. Mr. X and its clients will also be
able to access Technicolor's post production portfolio, proven operational excellence and
leading technology solutions.



Mr. X will operate as Technicolor's VFX brand for television and become a wholly-owned
subsidiary of Technicolor. Mr. X's co-founder and President, Dennis Berardi, will become
Global Managing Director of Mr. X reporting to Tim Sarnoff, President of Production
Services for Technicolor. Mr. X currently employs over 200 professionals in Toronto and
New York.



"This significantly increases the spectrum of services we can offer our clients," said
Tim Sarnoff, President of Production Services, Technicolor. "Having Dennis Berardi's
leadership and his incredibly creative team join Technicolor gives us unrivaled talent,
expertise and capacity."



"I am incredibly proud of our people and the business and brand equity we have built,"
said Dennis Berardi, President and co-founder, Mr. X. "By joining forces with
Technicolor's Production Services, division, we will have greater scale, resources and
access to cutting edge technology and R&D to serve our clients and to continue to grow the
business."



Mr. X services include design and pre-visualization, 3D animation, CGI effects,
compositing, VFX supervision and production management. Mr. X has worked or is currently
working on major television series such as "Vikings" for the History Channel, "Penny
Dreadful" for Showtime and Guillermo del Toro's upcoming "The Strain" for FX; as well as
feature films including "RoboCop," "Anchorman: The Legend Continues" and the highly
successful "Resident Evil" franchise for Constantin Film.



Financial details of the agreement will not be disclosed, but it is anticipated to
contribute incremental positive earnings immediately.



The acquisition remains subject to approval by the Government of Canada's Department
of Canadian Heritage.



Tweet about it - @Technicolor to Acquire @MR_X_INC, #Toronto's Leading #VFX Studio



About Mr. X Inc.



Co-founded by Dennis Berardi and TOPIX in 2001, Mr. X is a digital production studio
specializing in television and feature film visual effects. By collaborating with
filmmakers from pre-production through post, Mr. X helps to define the look and feel of a
film or television series. Mr. X has facilities in Toronto and New York City with a
combined staff of over 200 artists and production management. Twitter @MR_X_INC



About Technicolor



Technicolor, a worldwide technology leader in the media and entertainment sector, is
at the forefront of digital innovation. Our world class research and innovation
laboratories enable us to lead the market in delivering advanced video services to content
creators and distributors. We also benefit from an extensive intellectual property
portfolio focused on imaging and sound technologies, based on a thriving licensing
business. Our commitment: supporting the delivery of exciting new experiences for
consumers in theaters, homes and on-the-go. http://www.technicolor.com Twitter
@Technicolor



Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA
on the OTCQX marketplace (TCLRY).



Contacts




Press contact: Doug Free +1-650-353-8012
doug.free@technicolor.com

Investor relations: +33-1-41-86-55-95
Investor.relations@technicolor.com




Photo:
http://photos.prnewswire.com/prnh/20140109/663189


Photo:http://photos.prnewswire.com/prnh/20140109/663189
http://photoarchive.ap.org/
Technicolor


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