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Technicolor Begins to Shut Down Operations ‘Due to Inability to Find New Investors’
After failing to secure 11th hour deals for new investors, Technicolor has started to shut down operations in the U.S. and globally.
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. This decision was not taken lightly; every possible path to preserve our legacy and secure the future of our teams will be thoroughly explored to offer a chance to each of its activity to be pursued with new investors. Given the complexities of labor laws and regulations across the different countries in which we operate, this process will be conducted on a country-by-country basis, ensuring compliance with local frameworks, and providing the necessary support for each of you.
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