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Behind the ‘Sickening’ Collapse of Technicolor and Why Its Failure Is Sending Shockwaves Through the VFX Industry
Behind the “sickening” collapse of Technicolor and why its failure is sending shockwaves through the VFX industry
The closure affected thousands of visual effects artists around the world, including those in the U.S., UK, Canada and India – and it came not long after MPC’s lead work on “Mufasa: The Lion King” was shortlisted for a VFX Oscar. In her Feb. 24 memo to staff, Parot wrote that the company had been “experiencing difficulties linked to a variety of factors and has not been spared from external headwinds: the difficult operations situation resulting from post-Covid recovery, a costly and complex separation from the previous group followed by the writers’ strike leading to a slowdown in customer orders causing severe cash flow pressures.” “The clients want it cheaper and fast, and they are looking for any alternative,” cautions Scott Ross, co-founder of Digital Domain, former general manager of ILM, and author of new book “Upstart.” “As soon as AI is able to do all of the tasks of visual effects workers, Game over.
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