Technicolor to change its name to Vantiva but maintain its business model
Technicolor has recently announced the launch of its new brand: Vantiva. This project comes in the wake of the proposed spinoff of Technicolor Creative Studios (TCS) announced on February 24, 2022. The new brand will be comprised of the Connected Home and DVD Services operations.
In terms of connected home operations, Vantiva will continue to leverage the company’s advanced position in the high-growth Android TV and ultra-broadband markets. It will also allocate resources to enter markets adjacent to the connected home business.
“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 this enterprise.
The company’s DVD services operations will be known as Vantiva Supply Chain Services. The business will continue to rely on high precision sub-micron engineering capabilities in DVD manufacturing, custom packaging and distribution.
“We have evolved these vertical strengths of precision manufacturing, supply chain and fulfillment and freight and distribution; and have developed an exceptionally strong reputation in the market around tailored end-to-end customer solutions for these,” said Martinez-Amago.
In fact, a change of the corporate name from Technicolor SA to Vantiva SA is expected subject to the approval of the shareholders of Technicolor SA, during the shareholders’ meeting to approve the spin-off to be convened in the third quarter of 2022.