Thepicture looks bleak in the U.S.andin France the company is entering receivership.
It also has outposts in India and Canada.
Its not yet clear how current projects on the companys slate will be impacted.
Despite years of financial struggle, but the meltdown has come quickly and shockingly to many.
In 2022, Technicolor Group separated from the hardware division of Technicolor SA.
VFX and post-production company headcount fluctuates significantly depending on projects being worked on.
Technicolors global headcount is understood to be anywhere between 4,000-10,000 global.
Technicolor had been seeking investment or new owners for months prior to this collapse.
More as we get it.
Immediately following their appointment, the majority of the Companys activities have ceased.
For the avoidance of doubt, the appointment of the joint administrators relates only to the UK business.
