Broadcast News
02/10/2009
Quantel Announces Year End Results
Quantel has announced its provisional results for its 2008/09 financial year, which ended on September 30, 2009.
In some of the toughest market conditions around the world for many years, Quantel increased its turnover by 12% and reported its best operating profit since the company's management buyout in 2000.
Quantel also announced that it is currently seeking to recruit 20 graduate-level staff.
Most of these are for new positions within the Research and Development Lab where work continues apace on a host of exciting projects.
This outstanding performance has been driven by success in three main areas of business, each carefully addressed by Quantel as a result of customer-focused developments:
Stereo3D - Quantel's technology leadership in this rapidly developing area has resulted in sales of more than 40 stereo-enabled post production systems in just 18 months. To meet rising consumer demand, more and more cinemas are becoming equipped for Stereo3D and the number of Stereo3D movies being produced is increasing rapidly.
As a result, Stereo3D box office revenues were over $1 billion in the past year. With TV broadcasters also looking to Stereo3D as a potentially lucrative new revenue stream (for example, BSkyB in the UK is launching a dedicated Stereo3D channel in 2010), this exciting new business will be major growth area for years to come.
High Definition - HD broadcasting is rapidly gaining momentum around the world. Quantel makes HD easy - all of its systems can produce HD and SD simultaneously and Quantel has enormous experience of fast-turnaround HD production with customers such as ESPN and Rogers Sportsnet.
Quantel is ideally placed to help broadcasters make the move to HD; TPC in Switzerland and WDR in Germany are two recent examples.
File-based workflows - the potential efficiencies and economies of file-based workflows are proving irresistible to broadcasters. The benefits of Quantel's seminal FrameMagic technology have now been extended into the IT file-based world. Now file-based workflows can deliver on their full potential. All Quantel's broadcast sales now demand file-based workflows with tapeless camcorders and the integration of third party applications such as Apple Final Cut Pro Quantel workflow now extends to third party editors as well as a seamless file transfer between EVS and Quantel servers.
Quantel Chief Executive Officer, Ray Cross said: "I'm really proud of what we've achieved this year.
"While many other manufacturers have been reporting substantial contractions in their results, we have grown our business by 12%, which would be a notable achievement even in favourable market conditions.
"We've done it by listening carefully to our customers and focusing squarely on delivering what they need to move their own businesses forward. We have more exciting developments in the R&D pipeline, which is why we're looking to recruit more talented engineers. Quantel is set to take full advantage of the upturn in the market as it unfolds," he said.
(KMcA/BMcC)
In some of the toughest market conditions around the world for many years, Quantel increased its turnover by 12% and reported its best operating profit since the company's management buyout in 2000.
Quantel also announced that it is currently seeking to recruit 20 graduate-level staff.
Most of these are for new positions within the Research and Development Lab where work continues apace on a host of exciting projects.
This outstanding performance has been driven by success in three main areas of business, each carefully addressed by Quantel as a result of customer-focused developments:
Stereo3D - Quantel's technology leadership in this rapidly developing area has resulted in sales of more than 40 stereo-enabled post production systems in just 18 months. To meet rising consumer demand, more and more cinemas are becoming equipped for Stereo3D and the number of Stereo3D movies being produced is increasing rapidly.
As a result, Stereo3D box office revenues were over $1 billion in the past year. With TV broadcasters also looking to Stereo3D as a potentially lucrative new revenue stream (for example, BSkyB in the UK is launching a dedicated Stereo3D channel in 2010), this exciting new business will be major growth area for years to come.
High Definition - HD broadcasting is rapidly gaining momentum around the world. Quantel makes HD easy - all of its systems can produce HD and SD simultaneously and Quantel has enormous experience of fast-turnaround HD production with customers such as ESPN and Rogers Sportsnet.
Quantel is ideally placed to help broadcasters make the move to HD; TPC in Switzerland and WDR in Germany are two recent examples.
File-based workflows - the potential efficiencies and economies of file-based workflows are proving irresistible to broadcasters. The benefits of Quantel's seminal FrameMagic technology have now been extended into the IT file-based world. Now file-based workflows can deliver on their full potential. All Quantel's broadcast sales now demand file-based workflows with tapeless camcorders and the integration of third party applications such as Apple Final Cut Pro Quantel workflow now extends to third party editors as well as a seamless file transfer between EVS and Quantel servers.
Quantel Chief Executive Officer, Ray Cross said: "I'm really proud of what we've achieved this year.
"While many other manufacturers have been reporting substantial contractions in their results, we have grown our business by 12%, which would be a notable achievement even in favourable market conditions.
"We've done it by listening carefully to our customers and focusing squarely on delivering what they need to move their own businesses forward. We have more exciting developments in the R&D pipeline, which is why we're looking to recruit more talented engineers. Quantel is set to take full advantage of the upturn in the market as it unfolds," he said.
(KMcA/BMcC)
Top Related Stories
Click here for the latest broadcast news stories.
15/06/2011
PAY Studio Goes 4K And Stereo3D With Quantel
Leading Warsaw-based post house PAY Studio has upgraded its Pablo with 4K, Stereo3D and the Neo panel. The system has immediately been put into action
PAY Studio Goes 4K And Stereo3D With Quantel
Leading Warsaw-based post house PAY Studio has upgraded its Pablo with 4K, Stereo3D and the Neo panel. The system has immediately been put into action
20/04/2010
Quantel Premieres World’s First Complete Stereo3D Broadcast Production Workflow
This year at NAB a developer of innovative, high performance content creation introduced the world’s first complete Stereo3D broadcast production work
Quantel Premieres World’s First Complete Stereo3D Broadcast Production Workflow
This year at NAB a developer of innovative, high performance content creation introduced the world’s first complete Stereo3D broadcast production work
29/09/2009
E-Motion Chooses Quantel For Stereo3D Post
The Genoa-based production and post-production company, E-Motion, has purchased a Stereo3D-equipped Quantel Pablo 4K colour correction system. The Pab
E-Motion Chooses Quantel For Stereo3D Post
The Genoa-based production and post-production company, E-Motion, has purchased a Stereo3D-equipped Quantel Pablo 4K colour correction system. The Pab
24/04/2009
Quantel And Spatial View Announce Stereo3D Technology Strategic Partnership
Quantel and Spatial View has announced that the companies have entered into a strategic partnership agreement that will make it easier and more cost-e
Quantel And Spatial View Announce Stereo3D Technology Strategic Partnership
Quantel and Spatial View has announced that the companies have entered into a strategic partnership agreement that will make it easier and more cost-e
23/03/2009
Can Communicate Chooses Quantel To Handle Stereo3D Upsurge
The UK's leading full-servicce Stereo3D production and post production company, Can Communicate, has purchased a Stereo3D-equipped Quantel Pablo 4K no
Can Communicate Chooses Quantel To Handle Stereo3D Upsurge
The UK's leading full-servicce Stereo3D production and post production company, Can Communicate, has purchased a Stereo3D-equipped Quantel Pablo 4K no
06/10/2010
Quantel Announces Record Results For 2010
Quantel has announced its provisional results for the 2009/10 financial year, which ended on September 30. Orders were up 34% compared with 2008/09 (i
Quantel Announces Record Results For 2010
Quantel has announced its provisional results for the 2009/10 financial year, which ended on September 30. Orders were up 34% compared with 2008/09 (i
04/02/2010
Beijing Archive Buys Quantel System
China Film Archive in Beijing has purchased a Quantel iQ 4K Dl and finishing system. The iQ includes QColor in-context grading and the Quantel Stereo3
Beijing Archive Buys Quantel System
China Film Archive in Beijing has purchased a Quantel iQ 4K Dl and finishing system. The iQ includes QColor in-context grading and the Quantel Stereo3
24/11/2008
Quantel's Stereo3D Technology Wins 'Innovation Of The Year' At The Producción Professional Awards
Quantel has announced that its Stereo3D technology has received the Innovation of the Year Award from Producción Professional, one of Spain's - and Eu
Quantel's Stereo3D Technology Wins 'Innovation Of The Year' At The Producción Professional Awards
Quantel has announced that its Stereo3D technology has received the Innovation of the Year Award from Producción Professional, one of Spain's - and Eu
09/11/2009
Can Communicate Undertakes Stereo3D For Channel 4's 3D Week
London-based Can Communicate is nearing completion of a challenging Stereo3D project for the UK's Channel 4 Television. The project involves the compl
Can Communicate Undertakes Stereo3D For Channel 4's 3D Week
London-based Can Communicate is nearing completion of a challenging Stereo3D project for the UK's Channel 4 Television. The project involves the compl
10/09/2019
Pebble Beach Systems Reports Over 50% Rise In Half Year Results
Pebble Beach Systems has released a positive set of results for the first six months of 2019. The company reported revenues of £5.6m, a 51% increase c
Pebble Beach Systems Reports Over 50% Rise In Half Year Results
Pebble Beach Systems has released a positive set of results for the first six months of 2019. The company reported revenues of £5.6m, a 51% increase c
21/11/2005
ATG Broadcast reports successful end of year results
Firmly settled in its new 1,150 square metre premises, systems integrator ATG Broadcast reports another highly successful year, including major overse
ATG Broadcast reports successful end of year results
Firmly settled in its new 1,150 square metre premises, systems integrator ATG Broadcast reports another highly successful year, including major overse
10/06/2002
Sanctuary Group post 'positive' half-year results
The Sanctuary Group plc, the international media group specialising in the ownership and commercial exploitation of Intellectual Property Rights (IPR)
Sanctuary Group post 'positive' half-year results
The Sanctuary Group plc, the international media group specialising in the ownership and commercial exploitation of Intellectual Property Rights (IPR)
25/07/2007
Nu Horizons Wins Prestigious Quantel Supplier Of The Year Award
Nu Horizons (formerly known as DT Electronics) has won for the third time in a row The Quantel Supplier of the Year Award. The scheme measures all Qua
Nu Horizons Wins Prestigious Quantel Supplier Of The Year Award
Nu Horizons (formerly known as DT Electronics) has won for the third time in a row The Quantel Supplier of the Year Award. The scheme measures all Qua
25/06/2004
Quantel names Artist of the Year 2004
Quantel has announced that the overall winner of its prestigious Artist of the Year competition has gone to China. The winning piece, ‘Chinese Passion
Quantel names Artist of the Year 2004
Quantel has announced that the overall winner of its prestigious Artist of the Year competition has gone to China. The winning piece, ‘Chinese Passion
18/06/2009
Freelancer Listings Go On Quantel Website
Quantel has introduced a web initiative that enables freelancers with experience of operating Quantel systems to offer their services to prospective c
Freelancer Listings Go On Quantel Website
Quantel has introduced a web initiative that enables freelancers with experience of operating Quantel systems to offer their services to prospective c