Technicolor Begins to Shut Down Operations ‘Due to Inability to Find New Investors’
Following a weekend during which it tried to make 11th hour deals to save the company and its brands, Technicolor Group CEO Caroline Parot sent a memo to employees Monday, writing “due to inability to find new investors for the full Group,
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.
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 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.
Technicolor's fade-out: India's VFX industry eyes spotlight amid uncertainty
In India, Technicolor has around 3,370 professionals as of February 2024, according to market research and data platform ...
VFX Giant MPC and Parent Company Technicolor May Shut Down Amid ‘Severe Financial Challenges'
In an ominous sign for visual effects artists, Technicolor-owned MPC, the banner behind recent Disney films “Mufasa: The Lion ...
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The fall of Technicolor – what went wrong
Will Cohen explains why the demise of Technicolor and its UK brands - MPC, The Mill and Mikros - was, sadly, inevitable, and ...
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 ...
Technicolor Announces The Mill Shutdown In Employee Memo — Report
Citing "severe financial challenges" on Friday, Technicolor announced it is shutting down The Mill, MPC Advertising and ...
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 ...
Technicolor reportedly on death’s door
In a note to employees obtained by Deadline and Variety, Technicolor Creative Studios warned staff in New York, Los Angeles, ...
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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, ...
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 ...
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 ...