Android TV leader Technicolor to become Vantiva

Android TV set-top leader Technicolor is changing its name and brand to Vantiva the wake of the proposed spinoff of Technicolor Creative Studios (TCS) announced in February.

The new brand will be comprised of the connected home and DVD Services operations.

By the end of the third quarter, subject to shareholder approval, Vantiva will also become the new corporate name of Technicolor SA.

For connected home operations, Vantiva will continue to build on the company’s leadership position in the Android TV and ultra-broadband technology markets. It will also allocate resources to move into markets that are adjacent to the connected home business.

Luis Martinez-Amago

Meanwhile, the company’s DVD services operations will be known as Vantiva Supply Chain Services focusing on DVD manufacturing, custom packaging and national and international distribution.

Technicolor announced in February that it planned to split in two with the partial spin-off of its Creative Studios arm.

The spin-off 65% of special effects arm TCS through a distribution in-kind to Technicolor shareholders leaves Technicolor/Vantiva listed on Euronext Paris and, post-spin off, retaining up to 35% ownership of TCS.

“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 CEO of Vantiva.

“Our customers will benefit from our now exclusive focus on designing and producing the next generation of high-quality Customer Premises Equipment at record speeds while navigating today’s volatile supply chain environment.”