On February 24, 2022, Technicolor announced the company separation into two: Technicolor TCS, which will handle special effects for film, video game and advertising professionals, and Technicolor Hors-TCS. In a new Press release on June 14, 2022, Technicolor has indicated that the Technicolor Non-TCS branch will henceforth be named Vantiva.
From Technicolor to Vantiva
Technicolor TCS (Technicolor Creative Studios) and Technicolor Non-TCS are the product of the separation of Technicolor. To meet the company’s financial needs, TCS will be listed on Euronext. Technicolor Hors-TCS, newly baptized Vantiva, will focus on the Connected Home and DVD Services (Vantiva Supply Chain Services) divisions.
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According to Luis Martinez-Amago, President of Connected Home and future Director of Vantiva, the simplification of Vantiva’s structure ” as a single company will make it possible to offer a complete offer with a leading position. ” I look forward to working alongside the management team and all of our teams and starting a new chapter of success and growth. “, he adds.
Future Vantiva Chairman Richard Moat also expressed optimism about the company’s prospects. ” Together they [Connected Home et Vantiva Supply Chain Services] are ideally positioned to capitalize on their unique strengths and assets, allowing them to strengthen their leading position in existing markets, but also in new growth ones. I am confident that together with Luis and the talented teams at Connected Home and those at VANTIVA Supply Chain Services, VANTIVA will continue to provide the best products and services to customers and drive long-term growth. “, he explains.
Growth and diversification in Vantiva’s sights
The two divisions of Vantiva will each have a specific objective and roadmap, according to the press release. Connected Home will adopt a growth-oriented strategy based on three pillars:
- Develop its main activities: broadband and video segment with particular attention paid to Android TV;
- Optimize its operations through faster time to market, increased engineering throughput and lean operations; and
- strengthen the resilience of its supply chain to deal with market disruptions.
On the other hand, Vantiva Supply Chain Services will instead lean towards a diversification strategy centered on:
- The establishment of vinyl production, packaging and distribution activities in North America, then in Europe and Australia. Vinyl volume is expected to increase significantly over the next 5 years as our market share expands;
- Continued expansion of supply chain and non-disc business execution;
- The development of the Microfluidic activity;
- The enrichment of the transport freight brokerage offer in North America; and
- launching new product lines and expanding manufacturing and fulfillment capabilities.
Luis Martinez-Amago designated this restructuring of Technicolor Hors-TCS, which became Vantiva, and these objectives, as a lever allowing the company to ” develop on one’s own terms “. The effects of the split with TCS will also impact customers who “ will benefit from our exclusive focus on the design and production of the next generation of equipment “, he continues.