Technicolor Begins to Shut Down Operations ‘Due to Inability to Find New Investors’
After failing to secure 11th hour deals for new investors, Technicolor has started to shut down operations in the U.S. and globally.
Iconic visual effects studio Technicolor begins shutting down operations
Founded in 1915, Technicolor worked on its first film, The Gulf Between, in 1917. It has gone through multiple restructurings and management changes since it filed for bankruptcy protection in 2020. Technicolor Post was sold to Streamland Media for $36.5m in 2021, which merged its operations with all of Streamland’s businesses.
Technicolor is winding down operations
Technicolor Group, the French VFX giant that owns some of Hollywood’s most in-demand post-production houses, appears to be on the brink of collapse — putting thousands of jobs at risk. Variety reports that Technicolor has begun winding down operations after failing to secure a new round of investment necessary to keep the entire international outfit running.
Technicolor Shuts Down Majority of UK Operations
The VFX company Technicolor may be going out of business as its division in the United Kingdom has just entered administration, rendering the majority of its 440 employees redundant. Nick Holloway and David Pike of the British advisory firm Interpath were named administrators of Technicolor Creative Studios UK Limited.
The Mill Brain Trust Moves To Dream Machine FX Under New Banner As Technicolor Shutters U.S. Operation
The leadership team and much of the creative staff of The Mill, a unit of bankrupt Technicolor, has joined forces with Dream ...
As Technicolor Flounders, VFX artists at The Mill U.S. Start A New Chapter With Dream Machine FX (EXCLUSIVE)
Amid financial difficulties, Technicolor - which includes leading VFX brands MPC ("Mufasa") and short form VFX banner The ...
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Technicolor Winding Down
According to reports, Technicolor Creative Studios is shuttering all U.S. operations of The Mill, MPC Advertising and Mikros ...
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The Mill US team leaves Technicolor to launch new venture, Arc Creative
The Mill’s US creative leadership and most of its creative staff have launched a new venture, Arc Creative, in partnership ...
Technicolor Announces The Mill Shutdown In Employee Memo - Report
Technicolor Creative Studios is reportedly shutting down its U.S. offices of The Mill, MPC Advertising and Mikros Animation.
Technicolor Signals Financial Woes As U.K. Unit Cuts Hundreds of Staff
A division of the century-old Hollywood company has shut down, with its assets placed on the auction block as debtors are ...
Historic visual effects studio Technicolor collapses in UK
Technicolor, the visual effects (VFX) group which has worked on films ranging from Disney's 1940 classic Pinocchio to 2024 ...
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Live Updates: VFX Industry On Edge As Technicolor, Owner Of Mikros Animation, MPC, And The Mill, On Verge Of Total Collapse
Today, the company must face reality. Due to inability to find new investors for the full Group, despite extensive efforts, ...
Studio behind Wizard of Oz and Gone With the Wind goes bust in the UK
The visual effects giant behind classics including The Wizard of Oz and Gone With the Wind has collapsed in the UK amid a ...
Over 10,000 Animators Impacted Globally As VFX Powerhouse Technicolor Shuts Down Key Studios; Internet Blames AI
BREAKING: We're beginning live coverage of this major story. Technicolor, owner MPC, Mikros Animation, and The Mill, is on ...
Technicolor Is on the Brink of Collapse Amid ‘Severe Financial Challenges'
The VFX giant is ceasing operations for its brands MPC, The Mill, and Mikros Animation in the U.S. and has cut hundreds of ...