The news that a lot fears in the VFX industry during the weekend. Technicolor Most of the UK workforce has made excessive need.
The update, which you can read below, is now explained by interpath officials.
This update only refers to the United Kingdom, but the VFX giant is also fighting to stay in its other major markets. the The picture looks dark in the United States and In France, the company enters the guard. It is not yet clear how current projects will be affected by the company’s list, but the collapse has come quickly and shocking to many.
Post Giant Technicolor Group has abundant brands including The Mill, MPCMikros Animation and Technicolor Games, whose work has spanned hundreds of films from Harry Potter to Mofasa: King of AssadOscar candidate Emilia Perez And next Paramount Impossible task – final account.
The administration is a process in which the official is appointed to control the company and its assets to find a solution – by selling or any other means – that will allow the company to continue to work.
More to come as we get.
A message from UK officials:
Nick Holloway and David Pike from Interpath were appointed managers in Technicolor Creative Studios UK Limited on February 24, 2025.
The company is part of the Technicolor Group collection, a award -winning visual photo studio, animation and creative design, which provides services for entertainment and global advertising in the framework of its business units in Mill, MPC, Mikros Animation and Technicolor Games.
The group was facing financial challenges for some time, and it was exacerbated by the high costs of employment, as well as the long -to -tail influence to strike the 2023 book that was late projects.
In response, managers sought to explore their financing options, including exploring sales and re -financing options, but with the lack of solvent options, they made a difficult decision to request the appointment of officials.
Immediately after their appointment, most of the company’s activities stopped. As a result, unfortunately, the majority of the company’s employees in about 440 employees in the UK are in need. As a priority, participating officials will provide support for those affected, including supporting them with demands to serve repetition payments.
“The Technicolor collection has a long and prolonged heritage, its history dates back to more than a century, and it includes work credits on famous films including Pinnochio in Disney in the 1940s, up to the road recently, Prometheus Ridley Scott.
Unfortunately, the wind winds that affect companies throughout the creative industries demonstrated the intense challenge to overcome them, which led to the development of Technicolor’s business in the UK in management today.
“While we seek to influence an organized business process, we will seek to support the workforce of the company that was affected by the repetition, in addition to exploring the options to achieve the assets of the company.”
Any parties interested in obtaining UK’s assets, specifically the “Mill” brand, must contact the interpath officials.
To avoid suspicion, the appointment of officials only related to UK’s business.
