In a sign of support from the company’s financial backers, the leading independent VFX and animation studio group has announced a substantial investment to support ongoing operations and strategic expansion.
Financial terms of the transaction were not disclosed; the language and AI solutions company’s game division has invited all Technicolor Games India employees to return to the Bangalore facility while Division CEO Andy Emery and VP of Global Business Development Eric Williams continue to lead.
While the famed creative services company has begun to shut down U.S. operations, the leadership and most of the artistic staff at The Mill have joined forces with Dream Machine FX for a new venture.
The parent company sent U.S. employees a WARN notice on Friday, signaling a potential closing or mass layoff due to ‘severe financial challenges.’
The new holding company housing MPC, Mikros Animation, The Mill, and Technicolor Games plans a gradual transformation from VFX and animation businesses to a singular ‘visual experiences’ company delivering cutting-edge technology in visual storytelling.
The longtime Pixar technologist, who joined TCS in 2019, takes on new role to drive development of new technology platforms, enhancing the company’s digital capabilities.
Since launching in 2021, the Toronto visual effects studio has seen its talent roster grow to include 35% women across all areas of production and creative leadership, providing rewarding career paths, creative project opportunities, remote work options, and flexible family support that have previously been anything but industry standard.
The Technicolor Creative Studio adds new leadership to increase reach across global VFX industry; Jean-Paul Burge named Global President, ex-Paramount Pictures exec Stephanie Allen joins as Executive in Charge - Client Services, and VFX industry veteran Chris Burn named Global Head of Production.
David Patton, Mark Warburg, Phil Greenlow, and Sharn Gondal join the Emmy Award-winning VFX/Animation company; Natalie Llewellyn expands her role managing all animation production.
Previous division of Technicolor SA is now an independent, publicly traded company under TCHCS on Euronext Paris, while Technicolor, comprised of the Connected Home and Vantiva Supply Chain Services divisions, will remain listed on Euronext Paris under its new name of Vantiva.
MPC, The Mill, Mikros Animation, and Technicolor Games each saw significant revenue increases despite continued pandemic-related impacts; strong overall growth was reported, largely driven by demand for original content.
Company will retain 35% stake in new entity that includes MPC for film and episodic VFX, The Mill for advertising, Mikros for animation, and Technicolor Games for the gaming industry; debt refinancing also planned, with deal set to conclude the latter part of Q3 2022.
Technicolor Creative Studios continues its strategic rebranding and consolidation by integrating its visual effects companies into one of the world’s largest VFX studios.
Technicolor Creative Studios merges the 2 companies, creating the world’s largest VFX studio for the advertising and brand experience industries.
MPC and Technicolor Creative Studios team to create film’s CG backdrop, set in the brutality of 1300’s France; over 400 shots were delivered from teams in London, Montreal, Bangalore, and Paris, made more complex by the challenges of COVID filmmaking.
New Technicolor Creative Studios’ gaming division head will focus on global growth of the company’s gaming offerings.
Series of interconnected co-located facilities will provide one-stop shopping for technology, talent and creativity servicing the entertainment, advertising, and brand experience industries; campuses coming soon to Soho, London, Soho, New York and Culver City, Los Angeles.
Technicolor Animation Productions, Technicolor Animation, and Mikros will integrate their businesses under Andrea Miloro’s leadership, unifying their animation brand within the recently announced Technicolor Creative Studios group.
Production Services division becomes Technicolor Creative Studios, with new leadership team focused on design, direction, and production in VFX, XR, and animation.
