In a fateful mark of technology optical influence artists, the logo behind the recent Disney films “MUFASA: The Lion King”, “The Jungle Book” and “The Lion King”, can start closing its doors early on Monday, according to For multiple sources.
On Friday, Technicolor began alerting customers and employees, sending the employees a warning notice as required by law for large companies that expect to close and demobilize collective workers. The complete closure of MPC and Technicolor operations affects thousands of visual effects.
According to the text of the notice, it was obtained by diverse“Technicolor is facing severe financial challenges. Despite comprehensive efforts – including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities – we were unable to secure a viable path forward. Unfortunately, this does not leave any alternative to us but To admit that the company may have to imprison the mortgage. We are asked to stop our American operations early Monday, February 24, 2025. ”
The Paris-based Technicolor company-which owns MPC, or the commercial company, Mill, Mikros Animation and Technicolor Games- in multiple conversations this weekend, aims to secure a deal or deals to acquire the full company or individual brands, or maintain doors Open, according to the sources. “People are rushing to find out if they can make a deal,” said one of those familiar with hiding identity diverse.
Tecnicolor and MPC have been contacted by diverse To comment.
The upcoming projects in MPC include “Snow White” and “Lilo and Stitch” from Disney, as well as “Mission Impossible” from Paramount – Final Account. Obviously if the work can be completed Currently by these facilities or whether it will be transferred to another VFX seller or sellers.
MPC operates in countries including the United States, the United Kingdom, Canada and India and hires thousands of artists. It was founded as the mobile photo company in the Soho section in London in 1970, and moved to features when “Harry Potter” films were made. In addition to “MUFASA”, the last MPC works include “Kraven The Hunter”, “Young and the Sea” and “Emilia Perez”.
Technicolor-the distinguished brand of technology that dates back to a century of the last century-has witnessed many changes in management and administrative changes in recent years and after its introduction to protect bankruptcy Chapter 15 in 2020.
Post Technicolor was sold to SPherland Media for $ 36.5 million in 2021, and its operations were merged with Streamland companies, including the photo store. In 2022, Technicolor has restarted MPC and other current brands as creaticolor creative services while the company’s connected services and company supply chain were provided separately under a new brand, Vantiva.
(In the picture: “Mofasa: King of the Lion”)
