Technicolor Shuts Down UK Operations Amid Global Financial Struggles

The historic visual effects company collapses in the UK and enters receivership in France, leaving thousands of jobs at risk worldwide.

Technicolor, a pioneer in visual effects and color film technology since 1915, has ceased the majority of its UK operations and entered administration, affecting 440 employees.
The company has faced significant financial challenges due to post-pandemic recovery issues, the 2023 writers' strike, and a costly spin-off from its parent company, Vantiva.
Technicolor's global workforce of 10,000 is at risk, as operations in the US have already shut down and French divisions have entered receivership proceedings.
Uncertainty looms over the completion of high-profile projects, including Disney's 'Lilo & Stitch' and Paramount's 'Mission: Impossible – The Final Reckoning.'
Efforts to find buyers or investors for Technicolor's assets, including subsidiaries like The Mill and MPC, have so far been unsuccessful, with administrators focusing on an orderly wind-down.