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Technicolor Videocassette of Michigan, Inc.

Project Number: 20171202
Pilot Type: Expansion
Parcel ID: 09420000546
County Commission District: 5 | City Council District: 3


Technicolor Videocassette of Michigan, Inc. (Technicolor) was awarded a 15-year Expansion PILOT. Technicolor will make up to $14 million in new capital investment.

Founded in 1910, Technicolor is a worldwide technology leader in the media and entertainment sector and is at the forefront of digital innovation. Technicolor’s cutting-edge research and innovation laboratories lead the market in delivering advanced video services to content creators and distributors. Headquartered in France, Technicolor employs more than 17,000 people worldwide.

Technicolor was considering alternate locations in Huntsville, AL, La Vergne, TN, and Fayette County, TN. The EDGE Board approved four different scenarios to work to retain Technicolor in Memphis and Shelby County as Technicolor was making long term plans for its Memphis operations.

Approved by the EDGE Board in December 2017 and amended in May 2018, Technicolor chose a PILOT scenario that included retaining 916 jobs averaging $46,085 a year (excluding benefits); resulting in $15 million of capital investment and a mandatory Local Business Participation spend of $5,510,664.



Projected New Jobs:

Not applicable

Projected Retained Jobs:


Total Jobs:


Projected Average Payroll of New Jobs:

Not applicable

Projected Average Payroll of Retained Jobs:


Annual New Direct/Indirect Payroll:

Not applicable

Annual Retained Direct/Indirect Payroll:


Total Capital Investment:

Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:

Projected Tax Revenue:


Projected Taxes Abated:

City: $15,326,067 (75%)
County: $19,745,025 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period



4/30/2018 (Real)
12/31/2018 (Personal)



Lease Begins

4/30/2018 (Real)
12/31/2018 (Personal)

Lease Expires

5/1/2033 (Real)
12/31/2033 (Personal)


Not applicable

Property Details

Lease Began

4/30/2018 (Real)
12/31/2018 (Personal)

Lease Expires

5/1/2033 (Real)
12/31/2033 (Personal)

Technicolor Videocassette of Michigan, Inc.

5215 Lamar Ave, Memphis, TN 38118