Visual effects in an inauspicious sign for artists, TechniclerOwned MPCRecently Disney films “Mufasa: The Lion King,” Banner behind “The Jungle Book” and “The Lion King”, according to many sources, may start closing their doors in early Monday.
On Friday, the technicler began to alert customers and employees, which requires a warning notice to the American employees by law for large companies that estimate the closing and large -scale sorting. The total shutdown of operation of MPC and technicler will affect thousands of visual effect workers.
According to the lesson of the notice, obtained by Diversity“The technicler is facing serious financial challenges. Despite all efforts – including restructuring initiative, discussion with potential investors, and discovery of opportunities for acquisition – we have been unable to pursue a viable pathway. Unfortunately, it leaves us without any option, but to accept that the company can be forced to foreclose. “Another part reads,” If no viable solutions are found, we may need to close our American operations on Monday, February 24, 2025. ”
The Paris-facilitator is the owner of the Technicler-Jin MPC, Commercial VFX Company The Mill, Micros Animation and Technicer Game-at the end of this week, it is included in many conversations, aims to aim or deals for the acquisition of full company or individual brands Have to secure, or put otherwise. Doors open according to sources. “People are running to see if they can make a deal,” an internal formula requested oblivion Diversity,
Technicler and MPC have been contacted Diversity For comment.
The upcoming MPC projects include Disney’s “Snow White” and “Lilo and Stitch” – the “Mission Impossible – The Final Recking” of the paramount. Paramount in Micros’ work and nickelodian’s upcoming “Kishore mutant ninja turtle 2.” Are included. Whether the company should start closing, it is not clear whether the current work can be completed by these features or if it will run in another VFX vendor or vendors.
MPC works in countries including America, UK, Canada and India and employs thousands of artists. It was established in 1970 as a moving picture company in London’s Soho section, and transferred to features on making “Harry Potter” films. In addition to “Mufasa”, the recent work of MPC includes “Craveen the Hunter,” “Youth Women and Sea” and “Emilia Perez”.
Technicolor-The iconic century-old film Tech Brand-Ne has experienced several restructuring and management changes in recent years and followed its filing for chapter 15 insolvency conservation in 2020.
The technicler post was sold in 2021 to streamland media for $ 36.5 million, merging its operations with streamland businesses, including the picture shop. In 2022, the technicler again launched MPC and other current brands as technicler creative services, while the company’s connected home and supply chain services were brought separately under a new brand, Ventiva.
(Picture: “Mufasa: The Lion King”)
