US EditionTechnicolor, Owner of The Mill and MPC, Is Shutting Down
- Technicolor Group is shutting down operations of its studios The Mill and MPC due to severe financial challenges.
- The company sent a Worker Adjustment and Retraining Notification to U.S. employees, indicating a closure as early as February 25.
- Technicolor's U.K. branch has also filed for administration, affecting its global operations and workforce of over 6,000.
- Chief Executive Caroline Parot noted that external headwinds, including the U.S. writers' strike, worsened the company's financial situation.
38 Articles
38 Articles
Technicolor, Owner of VFX Firm Behind Disney-Marvel Blockbusters, Halts Operations Due to Sudden Financial Collapse
The Technicolor Group has begun shutting down operations across multiple markets and countries after it failed to find new investors to deliver an injection of funds.
RECIT - The group, based in Paris, was placed in judicial reform in France and bankruptcy proceedings in the United Kingdom. It could announce the end of its activities in the United States from one day to the next.
In financial difficulty, the animation group has been placed in judicial reform in France and has since Monday undergone a similar procedure in the United Kingdom, threatening thousands of jobs.
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 Machine FX on a new venture called Arc Creative,
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