{"id":1108,"date":"2025-02-25T13:05:51","date_gmt":"2025-02-25T13:05:51","guid":{"rendered":"https:\/\/futuredesignteam.in\/client\/politicus\/?p=1108"},"modified":"2025-02-25T13:08:42","modified_gmt":"2025-02-25T13:08:42","slug":"historic-visual-effects-studio-technicolor-collapses-in-uk","status":"publish","type":"post","link":"https:\/\/futuredesignteam.in\/client\/politicus\/historic-visual-effects-studio-technicolor-collapses-in-uk\/","title":{"rendered":"Historic visual effects studio Technicolor collapses in UK"},"content":{"rendered":"<p class=\"sc-eb7bd5f6-0 fYAfXe\">Technicolor, the visual effects (VFX) group which has worked on films ranging from Disney&#8217;s 1940 classic Pinocchio to 2024 blockbuster Mufasa The Lion King, has collapsed into administration in the UK.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The group owned several leading visual effects studios including MPC, Mikros Animation and The Mill, with operations in the US, UK, Canada and India.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Technicolor&#8217;s directors had been looking to sell the business, but were not able to find a buyer.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Its administrators said &#8220;the majority&#8221; of the more than 440 people it employed in the UK have been made redundant. The appointment of administrators relates only to the UK arm of its business.<\/p>\n<p>&#8216;Render in peace&#8217;<\/p>\n<article>\n<div class=\"sc-18fde0d6-0 dlWCEZ\" data-component=\"text-block\">\n<article>\n<div class=\"sc-18fde0d6-0 dlWCEZ\" data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Visual effects studios play a key role in film production.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Most modern big-budget movies and television shows will rely heavily on visual effects to transport actors and audiences into outer space, the distant past or the deep sea.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">And the appearance and non-vocal performances of characters and creatures, fantastic and otherwise will often be partly or fully the creation of animators and other specialist staff.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">As well as purely animated films and TV, many live action releases are in large part the work of the employees of VFX studios.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Many staff work film-to-film on fixed-term contracts, so redundancies may not reflect the total impact of the business&#8217; troubles on jobs.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">According to\u00a0<a class=\"sc-c9299ecf-0 bZUiKB\" href=\"https:\/\/www.cartoonbrew.com\/business\/live-updates-vfx-industry-on-edge-as-technicolor-owner-of-mikros-animation-mpc-and-the-mill-on-verge-of-total-collapse-245995.html\" target=\"_blank\" rel=\"noopener\">animation news publisher Cartoon Brew<\/a>\u00a0an email sent over the weekend by chief executive Caroline Parot said &#8220;external headwinds&#8221; had exacerbated problems caused by factors including post-covid recovery.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">She also said the US writers&#8217; strike which led to a slow-down in demand for VFX work causing &#8220;severe&#8221; pressure on cashflow.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Those same issues will add to the anxiety of staff and may fear re-entering what has been a relatively lean jobs market for VFX professionals.<\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;Render in peace&#8221; one self-described 13-year veteran of The Mill\u00a0<a class=\"sc-c9299ecf-0 bZUiKB\" href=\"https:\/\/www.reddit.com\/r\/editors\/comments\/1iwhkbe\/the_mill_technicolor\/?rdt=63877\" target=\"_blank\" rel=\"noopener\">wrote on Reddit<\/a> &#8211; a reference to the computationally intense process of producing final, film grade images, a process known as rendering.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Technicolor, the visual effects (VFX) group which has worked on films ranging from Disney&#8217;s 1940 classic Pinocchio to 2024 blockbuster Mufasa The Lion King, has collapsed into administration in the UK.<\/p>\n","protected":false},"author":1,"featured_media":1110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[19,39],"class_list":["post-1108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-media","tag-featured","tag-social-media"],"_links":{"self":[{"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/posts\/1108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/comments?post=1108"}],"version-history":[{"count":2,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/posts\/1108\/revisions"}],"predecessor-version":[{"id":1115,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/posts\/1108\/revisions\/1115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/media\/1110"}],"wp:attachment":[{"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/media?parent=1108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/categories?post=1108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futuredesignteam.in\/client\/politicus\/wp-json\/wp\/v2\/tags?post=1108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}