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Thomson and Paramount expand service partnership: Ink Exclusive Long-term European VHS Manufacturing and Distribution Contract with Technicolor

Technicolor’s manufacturing and distribution expertise provides complete home entertainment solution for Paramount’s European VHS products

CAMARILLO, Calif., (August 5, 2002) - Technicolor Home Entertainment Services, a Thomson business and the world’s largest DVD and Videocassette manufacturer and distributor, today announced that it has signed an exclusive, long-term agreement with Paramount Home Entertainment International to manufacture Paramount VHS product for all of Europe as well as providing distribution services for the United Kingdom.

As part of the agreement, Technicolor will provide Paramount with exclusive VHS duplication services for its Videocassette products throughout Europe, including Italy, Spain, Germany, France, Benelux, Ireland, United Kingdom and Scandinavia. In addition, in the United Kingdom, Technicolor will provide comprehensive distribution services, including sales order processing/order entry, credit collection and rollout of a new retail/vendor inventory management system - providing Paramount with market leading retail, logistics and distribution support services in the United Kingdom.

“This agreement provides Paramount with a complete spectrum of supply chain management solutions to help them streamline their VHS manufacturing and packaged media distribution operations and to more efficiently track and manage their inventory -- all at the highest of industry standards,” said Quentin Lilly, President, Technicolor Home Entertainment Services. “As part of our recent acquisition of Panasonic Disc Services Corporation (PDSC), we were very pleased to become a key service partner to Paramount, and now we are even more excited to extend this important key customer relationship into the provision of European VHS manufacturing and distribution services.”

"Technicolor has an outstanding and well-deserved reputation for quality, service and innovation and we look forward to benefiting from their depth of manufacturing and distribution expertise in support of our international territories,"said Eric Doctorow, President, Paramount Home Entertainment Worldwide.

"We are pleased to partner with Technicolor for all our VHS manufacturing needs in Europe as well as a comprehensive distribution solution supporting the United Kingdom," said Phil Jackson, President, Paramount Home Entertainment International. "This one-source ability will provide Paramount with greater operational efficiencies."

"In addition to ensuring outstanding execution of all facets of this new agreement with Paramount, Technicolor and Paramount will explore ways to use Technicolor’s market leading packaged media distribution services throughout Continental Europe " as we are presently deploying such services throughout the Continent," said Peter David, Executive Vice President, Technicolor Home Entertainment Services Europe.

About Technicolor
Technicolor is a Thomson multimedia (NYSE:TMS) business within Digital Media Solutions, a Thomson division focused on giving content providers, broadcasters, network operators, and advertisers the digital building blocks required to deploy electronic entertainment services. Technicolor is the world’s leading provider and distributor of motion picture film prints, DVDs, CDs and Videocassettes. On an annualized basis, the company processes more than three billion feet of motion picture film and has the capacity to produce approximately 300 million DVDs, 500 million CDs and 800 million Videocassettes.

Technicolor is also a pioneer in digital cinema distribution technology and services as well as a leading global provider of distribution and logistics management services for motion picture release prints, marketing collateral and in-theatre screen advertising.

With main offices in Camarillo, Calif., Technicolor serves an international base of entertainment and software customers with its facilities in the U.S., Canada, Mexico, Europe and Australia. Major Hollywood clients include The Walt Disney Company, Warner Bros., Paramount, Universal, DreamWorks SKG, and New Line. Software publishers include Microsoft, Vivendi Universal Interactive, and Electronic Arts.

About Thomson
With sales of 10.5 billion Euros (U.S. $ 9.3 billion) in 2001 and 73,000 employees in more than 30 countries, Thomson multimedia (Euronext: 18453) (NYSE: TMS), provides a wide range of video (and enabling) technologies, systems, finished products and services to consumers and professionals in the entertainment and media industries. To advance and enable the digital media transition, Thomson multimedia has five principal activities: Digital Media Solutions, Displays and Components, Consumer Products, Patents and Licensing, and New Media Services. The company distributes its products under the THOMSON, RCA and TECHNICOLOR brand names.

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Danielle Jacob
Technicolor Home Entertainment Services Europe
Phone: 00352 55 76 11 314
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