Technicolor's Q1 DVD Replication Up 1.4% on Back-Catalog Demand Spike
Revenue in Technicolor’s disc replication business declined 7.7% in Q1 to 139 million euros ($168.6 million), “very good performance” when considering that Q1 a year earlier “was largely unaffected by COVID and when cinemas were open and new releases were…
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taking place,” said CEO Richard Moat on a Tuesday earnings call. Total replication volume was down 10.9% to 155 million discs, despite a 1.4% increase in standard-definition DVDs to 111 million discs, “driven by the ongoing push of back catalog products,” he said. But Blu-ray replication declined 31% to 37 million discs “due to the lack of new release content,” and music CDs were down 34% to 7 million “as a result of structural decline and the COVID-related impacts. Profit in the replication sector increased 300% in the quarter to 4 million euros ($4.85 million) from “pricing improvements following the studio contract renegotiations that we did, and by growth in non-disc-related supply-chain activity,” said Moat.