Technicolor Reports Only 2.7% Decline in Its 2021 Disc Replication
Technicolor replicated 795 million discs in 2021 for three packaged media formats, down only 2.7% from 2020, compared with the annual 11% declines in the years just preceding the COVID-19 pandemic, said CEO Richard Moat on a Q4 earnings call…
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Thursday. “This is in part due to the marketing efforts of back-catalog products by the major studios, which are starting to focus on theatrical new releases, given the recent improvement in box-office attendance,” he said. Technicolor produced 557 million DVDs in 2021, 0.5% fewer than in 2020. Blu-ray replication numbered 202 million discs last year, down 7.3% from the 218 million produced in 2020. Music CD replication reached 36 million discs in 2021, down 7.7% from the 39 million produced in 2020. Technicolor is the world’s top DVD replicator for all the major studios, with 65% global share, including 90% share in the U.S., said Moat.