Technicolor to become VANTIVA
June 14, 2022
By Colin Mann
Entertainment technologist Technicolor is launching its new brand, VANTIVA, in the wake of the proposed spin-off of Technicolor Creative Studios (TCS) announced in February.
The new brand will be comprised of the Connected Home and DVD Services operations. By the end of the third quarter, subject to shareholder approval, VANTIVA will also become the new corporate name of Technicolor SA.
“As a result of the TCS spin-off, VANTIVA, our new standalone company, will be able to grow on its own terms and follow its own strategy,” said Luis Martinez-Amago, who is expected to be appointed chief executive officer of VANTIVA.
This will allow the executive team of VANTIVA to build on a proven track record of success serving the connected home and home entertainment services markets.
For Connected Home operations, VANTIVA will continue to leverage the company’s position in the high-growth Android TV and Ultra-Broadband technology markets. It will also allocate resources to move into markets that are adjacent to the connected home business.
“Our customers will benefit from our now exclusive focus on designing and producing the next generation of high-quality Customer Premises Equipment at record speeds while navigating today’s volatile supply chain environment,” commented Martinez-Amago.
Meanwhile, the company’s DVD services operations will be known as VANTIVA Supply Chain Services. The division will build on its decades-long expertise of high-precision, submicron-engineering in DVD manufacturing, its involvement in custom packaging and its role in national and international distribution.
“We have evolved these vertical strengths of precision manufacturing, supply chain and fulfilment and freight and distribution; and have developed an exceptionally strong reputation in the market around tailored end-to-end customer solutions for these,” explained Martinez-Amago.
Richard Moat, Chief Executive Officer of Technicolor SA and future Chairman of VANTIVA, said: “After two years of successful transformation significantly improving Technicolor’s operational and financial performance, we are now ready to begin a new chapter of value creation. Subject to shareholder approval, and after the spin-off of Technicolor Creative Studios, Technicolor will open a new chapter and become VANTIVA, composed of Connected Home and VANTIVA Supply Chain Services (the former DVD Services division), two market-leading businesses, operated by world-class management teams. Together, they are ideally positioned to leverage their unique strengths and assets to reinforce their leadership position in existing and new growing markets. I am confident that with Luis and the talented teams of Connected Home and VANTIVA Supply Chain Services, VANTIVA will continue delivering the best products and services to clients and drive long-term growth.”
“As VANTIVA future CEO, I am excited to take on this new role and to build on the already strong foundations that Connected Home and VANTIVA Supply Chain Services have developed over the last two years of transformation,” declared Martinez-Amago. After the spin-off of Technicolor Creative Studios, our new standalone company will be able to grow on its own terms and follow its own strategy.”
VANTIVA’s streamlined structure will enable the company to further reinforce its existing relationships with all its customers. It creates a unique opportunity to establish an identity that is completely aligned with the needs of its core markets, while executing its growth strategy in new domains.
As one company, we will benefit from Connected Home’s comprehensive product offering and leadership2 position in customer-premises equipment in video and broadband as well as from VANTIVA Supply Chain Services’ undisputed leadership in disc, and diversification strategy in high-growth adjacent businesses. By combining our expertise, action-oriented cultures, well-established customer relationships, robust balance-sheet and world-class management teams, I am confident that we are positioned to generate enhanced value to all of our stakeholders. I look forward to working alongside management and our entire teams as we enter a new chapter of success and growth.”
VANTIVA’s streamlined structure will enable the company to reinforce further its existing relationships with all its customers. It creates an opportunity to establish an identity that is completely aligned with the needs of its core markets while executing its growth strategy in new domains.
The change of the corporate name of Technicolor SA to VANTIVA SA is subject to the approval of Technicolor SA shareholders, during the shareholders’ meeting to approve the spin-off that will be convened in the third quarter of 2022.