Technicolor Sells Majority of its Stake in Screenvision

Technicolor (euronext paris:FR0010918292) /quotes/comstock/13*!tch/quotes/nls/tch (TCH 5.67, -0.02, -0.35%) today announced the sale of the majority of its 50% stake in Screenvision US to Shamrock Capital Growth Fund II, a leading private equity fund focused on media, entertainment and communications, in return for $60 million in cash and will retain a minority equity position. This transaction falls within the strategic process initiated by the Group in 2009 with the objective to refocus on its customer base of content creators and network service providers.