France: a possible joint offer
In France, the Paris Commercial Court has evaluated several offers for the acquisition of Technicolor's local divisions. Among them, Mikros Animation, The Mill, and MPC could be divided between two different companies. The final decision will be announced on March 27, and this joint offer is expected to be the court's preferred option. More details will be shared once the announcement is official.
London: the start of asset sales
In the United Kingdom, the situation is more complicated. Interpath, the company in charge of the judicial administration of Technicolor Creative Studios UK Limited, has confirmed that most employees in London have lost their jobs and that operations have ceased. The group's assets, including brand names, web domains, and computer equipment, are being put up for sale. Interested companies can contact Interpath to make offers.
Shanghai: hope for restructuring
In Shanghai, the local division of The Mill, affiliated with Technicolor Creative Studios UK, still does not have a defined future. Interpath has indicated that it is possible to submit offers to acquire this part of the business, which could allow operations to continue if a suitable buyer is found.
Seoul: an uncertain future
In South Korea, the The Mill studio in Seoul also faces uncertainty. Being linked to the British division, the local team is following insolvency judicial procedures, although no additional details have been provided about its future.
India: a critical situation
In India, the situation is particularly difficult. Technicolor employees are facing delays in salary payments and a lack of clear information from the company. Additionally, some studios are taking advantage of the workers' precariousness to offer them unfavorable working conditions. A detailed article with testimonials from those affected is expected in the coming days.
Technicolor: a group with diverse destinies
Technicolor's divisions are following very different paths. While in France there seems to be hope of safeguarding jobs, in other countries uncertainty and difficulties prevail. The situation continues to evolve, and more updates are expected in the coming weeks.