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Technicolor To File For Administration In UK & Begins Receivership Process In France With Iconic Film Company On The Brink
The picture is getting bleaker for iconic film company Technicolor.
Paris-based VFX and post giant Technicolor Group owns prolific brands including The Mill, MPC and Mikros Animation, 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. In a letter, the company said: “Despite exhaustive efforts — including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities — we have been unable to secure a viable path forward. This decision was not taken lightly; every possible path to preserve our legacy and secure the future of our teams is being thoroughly explored in the hopes of allowing TCS UK’s activities to be pursued with potential new investors.
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