Technicolor Group

Last updated

Technicolor Group S.A.
Formerly
  • Technicolor Creative Studios
    (2022–2024)
Company type Private
Industry
PredecessorsProduction Services division of Technicolor SA
Founded19 May 2021;4 years ago (2021-05-19)
Founder
Defunct24 February 2025;8 months ago (2025-02-24)
FateReceivership, assets sold off
SuccessorsNewco
TransPerfect
Rodeo FX
OuiDo! Productions
Headquarters
Paris
,
France
Area served
Worldwide
Key people
  • Caroline Parot (CEO)
  • Christian Roberton (deputy CEO)
Services
RevenueIncrease2.svg€601 million (2021)
Total assets Increase2.svg€866 million (2021)
Total equity Increase2.svg€227 million (2021)
Number of employees
10,695 (2021)
Divisions
Subsidiaries
Website www.technicolor.com
Footnotes /references
[1]

Technicolor Group S.A. (formerly Technicolor Creative Studios) was a French company that is involved in visual effects, motion graphics and animation services for the entertainment, media and advertising industries. Headquartered in Paris, France, it is a spin-off of the former Technicolor SA, which subsequently renamed itself as Vantiva.

Contents

The company used to operate the visual effects, motion graphics and animation units for films, episodic series and video games under their subsidiaries: the Moving Picture Company (MPC), The Mill, Mikros Animation, and Technicolor Games.

As of February 2025, it was reported that the UK branch of Technicolor had appointed administrators, and the French company had entered receivership. The company's assets began to be sold off shortly after. [2] [3]

Background

The creation of Technicolor dates back to 1915 while the first version of said picture processing technology was patented [4] and followed by the later versions in the several decades. The original company that owned the technology, Technicolor Motion Picture Corporation, was co-founded by the Massachusetts Institute of Technology (MIT) graduates Herbert Kalmus and Daniel Frost Comstock in 1915. [5] The first commercial film that used Technicolor is The Gulf Between , which released on 13 September 1917, and was lost in a fire incident on 25 March 1961. [6]

Technicolor has been involved in ownership changes in several years. In 1982, MacAndrews & Forbes acquired Technicolor for $100 million, then sold it in 1988 to the British company Carlton Communications for $780 million. [7] In 2001, French-based media and electronics company Thomson Multimedia acquired Technicolor from Carlton for $2.1 billion. [8] On 1 February 2010, Thomson Multimedia changed its name to Technicolor SA, assuming the name of the picture processing technology which has been widely known for more than 95 years. [9] [10]

Prior to transforming the Production Services division into its Creative Studios unit, Technicolor sold its post-production unit to Streamland Media on 4 May 2021. [11]

History

On 19 May 2021, the Production Services division of Technicolor SA, transformed into Technicolor Creative Studios to specifically "(focus) on the future of film, episodic, gaming, brand experiences and advertising". The unit has been led by Christian Roberton as the CEO, reporting to Technicolor SA CEO Richard Moat. With the formation of Technicolor Creative Studios, bringing the robust of studios such as The Mill, MPC, Mikros Animation, and Mr. X. [12] In January 2022, Technicolor Creative Studios announced the integration of MPC Advertising under The Mill [13] as well as the integration of MPC Film, MPC Episodic and Mr. X under the MPC brand. [14]

On 24 February 2022, when Technicolor SA announced the full year 2021 results, the company also intended to list and spin-off 65% of Technicolor Creative Studios through a distribution-in-kind to Technicolor shareholders, while Technicolor will remain listed on Euronext Paris and post-spin off will retain up to 35% ownership of TCS. The business operations of Technicolor will divided into Technicolor Creative Studios and Technicolor's Connected Home and DVD services, which later known as Vantiva. [15] On 27 September 2022, Technicolor Creative Studios became independently public-listed company, while Technicolor SA eventually rebranded as Vantiva, completed the spin-off process. [16] [17]

On 26 May 2024, Technicolor Creative Studios became Technicolor Group. [18]

On 24 February 2025, a week after the company announced its plans to close its U.S. offices, the company filed for voluntary administration in the UK and began the receivership process in France. [19] [20]

On 1 March 2025, TransPerfect acquired Technicolor Games. [21]

On 27 March 2025, Rodeo FX acquired most of Mikros Animation and select assets of Technicolor Canada. [22]

On 28 March 2025, TransPerfect acquired the French assets of MPC, The Mill and Mikros Animation’s service work capabilities in Canada and France. [23] On the same day, Boris Hertzog acquired the television division and French IPs of Mikros Animation, bringing OuiDo! Productions back after ten years. [24]

Operations

Technicolor Creative Studios has four distinct operating units:

As of February 2025, it was reported that the UK branch of Technicolor Creative Studios had appointed administrators, and the French company had entered receivership. [25] [26]

References

  1. "Technicolor Creative Studios Combined Financial Statements (2021)" (PDF). Retrieved 16 November 2022.
  2. Miller, Max. "Technicolor UK appoints administrators as majority of 440 employees made redundant". Screen. Retrieved 25 February 2025.
  3. Brzoznowski, Kristin (25 February 2025). "Technicolor Winding Down". WORLD SCREEN. Retrieved 25 February 2025.
  4. US 1208490, Comstock, Daniel F.,"Auxiliary registering device for simultaneous projection of two or more pictures",published 12 December 1916, assigned to Technicolor Motion Picture Corp.
  5. "Technicolor is born". Technicolor Creative Studios. Retrieved 16 November 2022.
  6. Trenholm, Richard (9 September 2017). "A century ago, the first Technicolor film was a total disaster". CNET . Retrieved 16 November 2022.
  7. Delugach, Al (10 September 1988). "British Concern Agrees to Buy Technicolor Inc.: Carlton to Pay About $780 Million for the Movie-Film Processor". Los Angeles Times . Retrieved 16 November 2022.
  8. Murphy, Barbara (30 January 2001). "Acquisition of Technicolor Will Boost Thomson Profit". Los Angeles Times. Retrieved 16 November 2022.
  9. "Shareholders approve restructuring plan. Thomson becomes Technicolor". Technicolor SA. 27 January 2010. Retrieved 16 November 2022.
  10. Cohen, David S. (26 January 2010). "Technicolor reinventing itself". Variety. Archived from the original on 3 February 2010.
  11. "Streamland Media Finalizes Acquisition of Technicolor Post". PR Newswire. 4 May 2021. Retrieved 18 November 2022.
  12. "Technicolor Unveils New Creative Organization and Vision to Go Beyond Imagination". Technicolor SA. 19 May 2021. Retrieved 16 November 2022.
  13. "The Mill and MPC Advertising Unite Under The Mill Brand to Create the World's Largest VFX Studio for the Advertising & Brand Experience Industries". Technicolor SA. 12 January 2022. Retrieved 16 November 2022.
  14. "VFX Studios MPC Film, MPC Episodic Integrate with Mr. X Under Moving Picture Company Brand, Helmed by New President, Tom Williams". Technicolor SA. 13 January 2022. Retrieved 16 November 2022.
  15. "Technicolor: Full Year 2021 Results and planned listing of Technicolor Creative Studios". Technicolor SA. 24 February 2022. Retrieved 16 November 2022.
  16. "Technicolor Creative Studios: We Are Now an Independent Company". Technicolor Creative Studios. 27 September 2022. Retrieved 16 November 2022.
  17. "Technicolor officially becomes Vantiva". Vantiva. 27 September 2022. Retrieved 16 November 2022.
  18. Luton, Aimee (27 March 2024). "Technicolor Group: A Framework for Transformation". Technicolor Group. Retrieved 12 June 2024.
  19. Wiseman, Andreas (24 February 2025). "Technicolor To File For Administration In UK & Begins Receivership Process In France With Iconic Film Company On The Brink". Deadline Hollywood.
  20. "Technicolor: Historic visual effects studio collapses in UK". BBC News. 24 February 2025. Retrieved 3 March 2025.
  21. "TransPerfect Acquires Technicolor Games". TransPerfect (via PRNewswire). 1 March 2025. Retrieved 2 March 2025.
  22. Giardina, Carolyn (27 March 2025). "Technicolor Bankruptcy: Rodeo FX Acquires Mikros Animation". Variety .
  23. Giardina, Carolyn (28 March 2025). "Technicolor Bankruptcy: TransPerfect Acquires MPC and The Mill's France Operations". Variety. Retrieved 28 March 2025.
  24. "OuiDo Productions acquires Technicolor's domestic episodic production operations" . Retrieved 29 March 2025.
  25. Miller, Max. "Technicolor UK appoints administrators as majority of 440 employees made redundant". Screen. Retrieved 25 February 2025.
  26. Brzoznowski, Kristin (25 February 2025). "Technicolor Winding Down". WORLD SCREEN. Retrieved 25 February 2025.