Cinram was established in 1969 in a Montreal basement[1] by Isidore Philosophe and Samuel Sokoloff.[2] The company started manufacturing pre-recorded eight-track tapes and cassettes in 1969 in the basement of a commercial building in Montreal. More than three decades later, in 2003, the company completed a US$1.1 billion purchase of the music- and movie-manufacturing assets (WEA Manufacturing) of New York media giant Time Warner. Also that year, it bought the United States manufacturing operations of EMI and, later, Universal Media & Logistics France from Universal Music Group.
Cinram opened its first CD plant in 1987, when records and cassettes were still dominant. In the 1990s, the company started investing in manufacturing operations in Europe, and in 1997, when video-store racks were still filled with VHS tapes, Cinram formed a joint venture with Pacific Ocean Post (POP) to form "Cinram DVD Center POP" and began producing DVDs for movie studios and software CDs.[3]
Bankruptcyedit
The company's fortunes began to decline with the rise of online streaming services.[1] In 2010, Cinram lost its major contract for distributing Warner Bros. movies, and its stock began to fall.[4] In 2012, the company sought bankruptcy protection from its creditors in the United States.[1] It was bought by private investment firm Najafi Companies.[1] In 2014, the company ended its manufacturing operations in Toronto.[1] That year, it bought JVC America from JVC Kenwood.[5] In 2015, it shut its Tuscaloosa, Alabama manufacturing plant.[5]
On November 3, 2015, Paris-based Technicolor SA announced the acquisition of Cinram the same month.[6]
^ abcdefgGallant, Jacques (2014-07-25). "DVD and CD business faces challenges as physical media market declines". The Toronto Star. ISSN 0319-0781. Retrieved 2015-12-01.
^"POP, Cinram in DVD pact". Variety. January 7, 1997. Retrieved March 19, 2021.
^"DVD maker Cinram strikes deal for private buyout". The Globe and Mail. 25 June 2012. Retrieved 2015-12-01.
^ ab"100 workers to lose jobs as Cinram shuts plant in Tuscaloosa County". TuscaloosaNews.com. Retrieved 2015-12-01.
^"Technicolor Confirms The Expansion of its Packaged Media Activities in North America" (Press release). Technicolor SA. November 13, 2015. Retrieved March 19, 2021.
^"Letzte Schicht bei Cinram nach 41 Jahren". aachener-nachrichten.de. July 31, 2017. Retrieved June 12, 2022.
^"Former WEA, Cinram Plant to Close". WNEP-TV. January 17, 2018. Retrieved March 19, 2021.
This article about a Canadian corporation or company is a stub. You can help Wikipedia by expanding it.
cinram, international, toronto, canada, based, manufacturer, recorded, discs, dvds, audio, roms, tapes, audio, cassettes, affiliate, arizona, based, najafi, companies, group, company, typeprivateindustryoptical, mediafounderisidore, philosophe, samuel, sokolof. Cinram International was a Toronto Canada based manufacturer of pre recorded Blu ray Discs DVDs CD Audio CD ROMs VHS tapes and audio cassettes 1 It was an affiliate of the Arizona based Najafi Companies 1 Cinram Group Inc Company typePrivateIndustryOptical mediaFounderIsidore Philosophe and Samuel SokoloffFateAcquired BankruptcyHeadquartersToronto Ontario CanadaKey peopleSteven Brown CEO amp John Bell CFO amp Glenn Langberg CEO OwnerTechnicolor SAHistory editCinram was established in 1969 in a Montreal basement 1 by Isidore Philosophe and Samuel Sokoloff 2 The company started manufacturing pre recorded eight track tapes and cassettes in 1969 in the basement of a commercial building in Montreal More than three decades later in 2003 the company completed a US 1 1 billion purchase of the music and movie manufacturing assets WEA Manufacturing of New York media giant Time Warner Also that year it bought the United States manufacturing operations of EMI and later Universal Media amp Logistics France from Universal Music Group Cinram opened its first CD plant in 1987 when records and cassettes were still dominant In the 1990s the company started investing in manufacturing operations in Europe and in 1997 when video store racks were still filled with VHS tapes Cinram formed a joint venture with Pacific Ocean Post POP to form Cinram DVD Center POP and began producing DVDs for movie studios and software CDs 3 Bankruptcy edit The company s fortunes began to decline with the rise of online streaming services 1 In 2010 Cinram lost its major contract for distributing Warner Bros movies and its stock began to fall 4 In 2012 the company sought bankruptcy protection from its creditors in the United States 1 It was bought by private investment firm Najafi Companies 1 In 2014 the company ended its manufacturing operations in Toronto 1 That year it bought JVC America from JVC Kenwood 5 In 2015 it shut its Tuscaloosa Alabama manufacturing plant 5 On November 3 2015 Paris based Technicolor SA announced the acquisition of Cinram the same month 6 In 2017 Cinram closed down its European manufacturing plant at Alsdorf in Germany 7 and in 2018 it shut its Olyphant Pennsylvania manufacturing plant 8 References edit a b c d e f g Gallant Jacques 2014 07 25 DVD and CD business faces challenges as physical media market declines The Toronto Star ISSN 0319 0781 Retrieved 2015 12 01 http investors cinram com FAQ aspx a Archived April 3 2009 at the Wayback Machine POP Cinram in DVD pact Variety January 7 1997 Retrieved March 19 2021 DVD maker Cinram strikes deal for private buyout The Globe and Mail 25 June 2012 Retrieved 2015 12 01 a b 100 workers to lose jobs as Cinram shuts plant in Tuscaloosa County TuscaloosaNews com Retrieved 2015 12 01 Technicolor Confirms The Expansion of its Packaged Media Activities in North America Press release Technicolor SA November 13 2015 Retrieved March 19 2021 Letzte Schicht bei Cinram nach 41 Jahren aachener nachrichten de July 31 2017 Retrieved June 12 2022 Former WEA Cinram Plant to Close WNEP TV January 17 2018 Retrieved March 19 2021 nbsp This article about a Canadian corporation or company is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Cinram amp oldid 1218927489, wikipedia, wiki, book, books, library,
