In a night to remember for French cinema, two films dominated the 84th Academy Awards, both of them involving Technicolor customers. The Artist, is a black and white, silent film celebrating vintage Hollywood production of the golden age of silent cinema, and Martin Scorsese’s Hugo, is an English language, 3D homage to French film wizard Georges Méliès. Both films received five awards, with Hugo dominating the craft categories and The Artist sweeping the major awards.
Hugo’s cinematographer Robert Richardson, ASC and visual effects supervisor Rob won Oscars, with Laser Pacific/Technicolor’s NYC facility working closely with the filmmakers to facilitate the digital intermediate and 3D color-grading, and the company’s digital cinema team producing masters for the film’s release around the world. Technicolor also recently announced its acquisition of the post-production facilities in Paris that served The Artist’s director Michael Hazanavicius and producer Thomas Langmann.
The company has also recently announced an adjusted EBITDA margin and return to positive free cash. Frederic Rose, Chief Executive Officer of Technicolor, stated at the time: “I am very pleased with Technicolor’s 2011 performance, in particular our return to positive free cash flow. Technicolor is now poised to seize opportunities in an increasingly digitized world. With our Amplify 2015 plan, we have a clear roadmap to achieve our strategic ambition: lead innovation in media monetization solutions. Technicolor is on track to grow profits and generate strong cash flow while significantly deleveraging its balance-sheet.”