Get the latest tech news
Technicolor-Owned VFX Firm MPC May Shutter Due to 'Severe' Challenges
MPC, the Technicolor-owned VFX firm behind 'Mufasa: The Lion King' and other Disney films, could begin to close as early as Monday, sources say.
Despite exhaustive efforts — including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities — we have been unable to secure a viable path forward. Unfortunately, this leaves us with no alternative but to acknowledge that the Company may be forced to foreclose.” Another portion reads, “If no viable solution is found, we may be required to cease our U.S. operations as early as Monday, February 24, 2025.” Technicolor — the iconic century-old film tech brand – has experienced several restructurings and management changes in recent years and following its filing for chapter 15 bankruptcy protection in 2020.
Or read this on r/technology
