Posted on Saturday, February 22, 2025
By Jean-Eric Hénault
Technicolor, one of the most recognized names in the VFX and animation industry, is on the brink of shutting down all U.S. operations as early as Monday, February 24, 2025. According to verified reports, the company has issued WARN notices to its U.S. employees, signaling an imminent closure unless a financial solution is secured by the end of today, Friday, February 21.
Despite months of restructuring efforts, negotiations with potential investors, and acquisition discussions, the company has been unable to find a sustainable path forward. This crisis not only threatens Technicolor itself but also its subsidiaries, including The Mill, MPC, and Mikros Animation. The potential shutdown could impact hundreds of employees worldwide, delivering a devastating blow to the VFX, animation, and post-production industries.
For years, Technicolor and its subsidiaries have been key players in shaping the visual storytelling of Hollywood and beyond. MPC, for instance, has contributed to some of the biggest blockbusters in recent memory, while The Mill has been an industry leader in commercial VFX. Mikros Animation has played a significant role in animated features and television. A collapse of this scale could send shockwaves through the entire creative sector, leading to job losses, disrupted productions, and an uncertain future for thousands of artists and technicians.
Employees in California, Colorado, Massachusetts, Utah, Connecticut, Oregon, and Nevada have been urged to submit direct deposit authorization forms for their final paychecks, underscoring the immediacy of the crisis. While there is still a glimmer of hope for a last-minute financial resolution, the industry is bracing for a major disruption.
For those affected, this is a time of deep uncertainty. If you have additional verified information or wish to share insights anonymously, please reach out to the moderators via DM or ModMail.
As this story develops, the fate of thousands of talented artists, technicians, and support staff hangs in the balance, with ripple effects that could reshape the global VFX and animation landscape for years to come.
About Technicolor
Technicolor is a global leader in creative technology, visual effects, and entertainment services. Founded in 1915, the company revolutionized the film industry with its pioneering color processes and has since expanded into visual effects, animation, and post-production. Through subsidiaries such as The Mill, MPC, and Mikros Animation, Technicolor has contributed to some of the most iconic films, television series, and advertising campaigns. With a legacy spanning over a century, the company has been at the forefront of innovation in entertainment and media.