A similar letter was sent to US staff on Friday, part of a WARN (Worker Adjustment and Retraining Notification) Act notice, which said that group was shutting down the US offices of The Mill, MPC Advertising, and Mikros Animation, citing “severe financial challenges”.
The Paris-based visual effects, motion graphics, and animation giant operates brands like The Mill, Moving Picture Company (MPC), and Mikros Animation, all of whose work ranges from 1940’s Pinocchio, the Harry Potter films, 2024’s Mufasa: The Lion King, to the Oscar-nominated Emilia Perez.
In a letter that was sent to UK employees on Sunday, the group said it had been “experiencing difficulties” due to “post-Covid recovery, a costly and complex separation from the previous group followed by the writers’ strike”.
“Unfortunately, the economic headwinds which are affecting companies right across the creative industries have proved too challenging to overcome, which has led to Technicolor’s UK business being placed into administration today,” Holloway added.
It is still unclear exactly how many will be impacted and in what ways, but with offices in the US, UK, India, South Korea, and Canada, the Technicolor Group employs over 10,000 worldwide.
