Random News Stories

[Mark Gulbrandsen]

Awesome! Thanks for posting the pics Leo...

[Jim Cassedy]

Technicolor Says “Majority Of 440 Employees In The UK Have
Been Made Redundant” As Company Faces Global Implosion

Paris-based VFX and post giant Technicolor Group owns prolific brands including The Mill, MPC,
Mikros Animation and Technicolor Games, whose work has spanned hundreds of movies from
the Harry Potter films to Mufasa: The Lion King, Oscar nominee Emilia Perez
and Paramount’s upcoming Mission Impossible – The Final Reckoning.

In 2020, Technicolor SA filed for Chapter 15 in a bankruptcy court in Texas amid a restructuring
effort. In 2022, Technicolor Group separated from the hardware division of Technicolor SA. The
hardware side rebranded as a new company, Vantiva, and is not impacted by the current
Technicolor Group implosion.

VFX and post-production company headcount fluctuates significantly depending on projects
being worked on. Technicolor’s global headcount is understood to be anywhere between
4,000-10,000 global.

Technicolor had been seeking investment or new owners for months prior to this collapse. As
reported by the FT last fall, the investment funds and former lenders that own Technicolor Group
(including Farallon Capital, Barings, and Pimco) had been in talks with potential buyers that
included “groups of private equity companies and Middle Eastern sovereign wealth funds, as
well as rival media groups.”

The letter from UK administrators:
Nick Holloway and David Pike from Interpath were appointed joint administrators to Technicolor
Creative Studios UK Limited on 24 February 2025.

The Company is part of the Technicolor Group, an award-winning visual effects, animation
and creative design studio which provides services to the global entertainment, media and
advertising industries under its business units The Mill, MPC, Mikros Animation and
Technicolor Games.

The Group had been facing financial challenges for some time, exacerbated by rising labour
costs, as well as the long-tail impact of the 2023 writers’ strike which delayed projects.

In response, the directors sought to explore their funding options, including exploring options for
a sale and refinancing, but with no solvent options available, they took the difficult decision
to file for the appointment of administrators.


> COMPLETE STORY:
https://deadline.com/2025/02/technic...on-1236300121/