Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Technicolor to Spin Off VFX and Animation Division as a Publicly Traded Company
variety.comTodd Spangler NY Digital EditorTechnicolor announced plans to spin off Technicolor Creative Studios, housing its visual effects and animation businesses including MPC Film (formerly known as the Moving Picture Co.), through a share distribution to company shareholders.Paris-based Technicolor will remain listed on Euronext Paris.
Following the spinoff of Technicolor Creative Studios, the parent company will retain up to 35% ownership. Technicolor will have two main lines of business following the transaction: Connected Home, a provider of broadband and Android TV tech solutions; and DVD Services, which provides replication, packaging and supply chain solutions for packaged media and related products for across film, TV, games and music industries.
In addition, Paris-based Technicolor said it received a binding offer to sell its trademark licensing operations for about €100 million (about $112 million) in cash.
The transaction will let the company “further simplify its structure with the sale of non-core assets, and to increase Technicolor financial flexibility,” it said.“After a comprehensive review, we determined that pursuing the partial spin-off of TCS from the Group along with the full refinancing of the existing debt will be the solution that best aligns strategy, value creation and financial objectives for all of Technicolor’s stakeholders,” Technicolor CEO Richard Moat said in a statement.The company announced the Technicolor Creative Studios spinoff plans and the deal for the trademark licensing unit as part of reporting full-year 2021 results.Technicolor forecast strong demand for Technicolor Creative Studios’ VFX creative and technology services.
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