Technicolor is the latest video technology vendor to split in two, revealing plans late last week to spin-off its Technicolor Creative Studios (TCS) division, which provides cutting edge VFX technologies. The main French business (referred to in the announcement as Ex-TCS) will hold 35% ownership in the newly spun-off TCS. The announcement coincides with similar but distinct fledgling plans from TiVo parent company Xperi to divorce its product and licensing units into standalone businesses (see separate story in this issue). Technicolor’s separation strategy – as with most – is one geared towards simplification and deleveraging of operations to enable the two independent organizations to have more active development profiles, through a huge debt structure overhaul, amid a period of intense…