For more information visit: www.cinram.com
Unedited press release follows:
CINRAM SIGNS NEW MULTI-YEAR AGREEMENT WITH TWENTIETH CENTURY FOX HOME ENTERTAINMENT
Global Supply Chain Leader to Continue Servicing Studio’s North American and European Territories
TORONTO, April 14 – Cinram International Income Fund (“Cinram” or the “Fund”) (TSX: CRW.UN) announced today that it has signed a new multi-year contract with Twentieth Century Fox Home Entertainment (“Fox”). Under the renewed service agreements Cinram will continue to serve as the primary supplier for replication and distribution services for the studio across North America and Europe.
Cinram and Fox’s thriving 14-year relationship spans from VHS, to the launch of DVD and recently with the mainstream adoption of the Blu-ray Disc format. The two companies have demonstrated a seamless configuration in their operations. The resulting centralized manufacturing and distribution model offers a state-of-the-art dissemination of product with great success across the supply chain.
“It is with great pleasure we renew our alliance with Fox, a valued and essential partner,” said Steve Brown, Chief Executive Officer, Cinram International, Inc. “Fox helped firmly establish our growth from the company’s origins in Canada to expansion in the US and worldwide market that has resulted in top-notch levels of manufacturing and distribution services.”
“Cinram has a strong history of providing quality service, with unsurpassed commitment and dedication,” said Mike Dunn, President Worldwide, Twentieth Century Fox Home Entertainment. “As the media landscape evolves, they will continue to play an integral role in our business for many years to come.”
Cinram’s commitment to its customers, new technologies, digital content and delivery services is as strong as ever. Earlier this year, the company acquired digital media company 1K Studios as part of its broader initiative to expand into digital platforms. Specializing in building enhanced consumer experiences, 1K provides creative and technical services to help media and technology companies release content in different venues including digital downloads, mobile and tablet apps, advanced Blu-ray discs, stereoscopic 3D and social media. These services will be integrated with Cinram’s existing media production and logistics business, creating an end-to-end supply chain for its customers.
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is one of the world’s largest providers of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, Blu-ray Discs, CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America through its wireless subsidiaries. The Fund’s units are listed on the Toronto Stock Exchange under the symbol CRW.UN. The Cinram group of companies now also incorporates 1K Studios, a digital media firm based in Los Angeles specializing in building enhanced consumer experiences for movies, TV shows, music, books and games. For more information, visit www.cinram.com.