Technicolor and its subsidiaries, including MPC and The Mill, have closed. The move comes on the heels of some amazing work by the companies.
It happened to Rhythm & Hues over a decade ago, but the studio found a lifeline. Technicolor was hoping to find a similar lifeline, but in a matter of a few days, employees and clients were notified of the company’s financial situation and then the companies under the Technicolor umbrella were shut down. This includes MPC, which has some major films in its pipeline.
The landscape for the visual effects industry has been a difficult one for years, despite the growth of projects requiring VFX.
