Technicolor Shipped 5.9% Fewer Physical Discs in 2017's First Half, Says CEO
Technicolor shipped 573 million physical entertainment discs in 2017's first half, 5.9 percent fewer than in first-half 2016, but the rate of decline was “slower” than the company expected, said CEO Frederic Rose on a Thursday earnings call. The 3.5…
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percent rate of decline for DVDs to 410 million was lower than that of Blu-ray discs, shipments of which fell 8.9 percent to 119 million, said Rose. Shipments of music CDs declined 17.9 percent to 45 million, he said. Rose blamed the declines on “unfavorable” comparisons with 2016, when Technicolor’s disc replication business turned in record volumes (see 1702230028). A 50 percent decline in the number of new Xbox videogame titles released compared with a year earlier contributed to the decline in Blu-ray shipments, he said: “We believe that this is, in many respects, due to anticipation for the new Xbox that’s going to be launched by year-end, and we expect the games market to resume in the second half of the year.”