Technicolor Donates To SMPTE Next Century Fund

Technicolor has pledged a contribution to the Next Century Fund of the Society of Motion Picture and Television Engineers(SMPTE) Centennial Campaign.

Technicolor's contribution was formally recognised at the 2015 NAB Show's Technology Summit on Cinema, produced in partnership with SMPTE, brings the campaign contribution total to nearly $1.5 million.

Senior executive vice president, corporate development and technology at Technicolor, Vince Pizzica, said: "We're pleased to build on our long-standing participation in SMPTE as a cornerstone contributor for their centennial initiative, which continues their important work in developing next-generation technologies by fostering cross-industry collaboration.

"Throughout our own first century, which is also being celebrated this year, Technicolor has always been a big believer in the value of companies working together to develop open standard technologies which, in turn, drive innovation throughout the entire value chain."

The SMPTE Centennial Campaign has been established in recognition of the Society's 100-year anniversary in 2016. As part of this campaign, The Next Century Fund will support enhancements in standards system infrastructure and raise the level of support for the development of new standards, as well as support the adoption of existing standards throughout the world. Providing membership opportunities to new geographic areas and emerging media technology sectors, The Next Century Fund will secure a future path for sustainable growth. The Society will also use the funds to expand its offering of educational programs that advance the expertise of its members.

Further information about the SMPTE Centennial Celebration Campaign is available at SMPTE 100.

(MH/CD)