Get the latest tech news
Technicolor Begins To Shut Down Operations
Technicolor Group has filed for a court recovery procedure in France after failing to secure new investors, putting its VFX brands, including MPC, The Mill, Mikros Animation, and Technicolor Games, at risk of closure. Variety reports: A total shutdown of MPC and Technicolor's operations would affec...
Variety reports: A total shutdown of MPC and Technicolor's operations would affect thousands of visual effects workers in countries include the U.S., UK, Canada and India. Parot's memo explains, "In each country, the appropriate framework for orderly protection and way forward is currently being put in place to allow, when possible, to remain in business continuity." Questions remain about how studios will finish upcoming projects that are currently housed at MPC, which include Disney's live-action remake of "Lilo and Stitch" and Paramount's "Mission: Impossible -- The Final Reckoning," as well as Mikros' work, such as Paramount and Nickelodeon's upcoming "Teenage Mutant Ninja Turtles" sequel.
Or read this on Slashdot
