Technicolor Faces Financial Collapse After 110-Year Legacy in Film

The pioneering visual effects company has filed for court recovery proceedings, putting thousands of jobs and ongoing projects at risk.

Technicolor, known for revolutionizing color filmmaking with iconic titles like 'The Wizard of Oz,' has filed for court recovery proceedings in France after failing to secure new investors.
The company has begun winding down operations globally, with WARN notices issued in the U.S. and layoffs already affecting hundreds of employees in California.
Economic challenges, including the pandemic's aftermath, the Hollywood writers' strike, and the rise of artificial intelligence in visual effects, have contributed to Technicolor's financial struggles.
Subsidiaries like MPC, Mikros Animation, and The Mill face uncertain futures, with projects such as Disney’s 'Snow White' and Paramount’s 'Teenage Mutant Ninja Turtles 2' potentially impacted.
The Mill has rebranded as Arc Creative, a move expected to preserve jobs and allow it to continue operating independently of Technicolor’s collapse.