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Technicolor Says “Majority Of 440 Employees In The UK Have Been Made Redundant” As Company Faces Global Implosion
The VFX and post-production giant is facing an existential meltdown.
Paris-based VFX and post giant Technicolor Group owns prolific brands including The Mill, MPC, Mikros Animation and Technicolor Games, whose work has spanned hundreds of movies from the Harry Potter films to Mufasa: The Lion King, Oscar nominee Emilia Perez and Paramount’s upcoming Mission Impossible – The Final Reckoning. The Group had been facing financial challenges for some time, exacerbated by rising labour costs, as well as the long-tail impact of the 2023 writers’ strike which delayed projects. “Unfortunately, the economic headwinds which are affecting companies right across the creative industries have proved too challenging to overcome, which has led to Technicolor’s UK business being placed into administration today.
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