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| Lion King visual effects firm Technicolor on brink of collapse | Lion King visual effects firm Technicolor on brink of collapse |
| (32 minutes later) | |
| Technicolor owned studio MPC's projects included Mufasa The Lion King | Technicolor owned studio MPC's projects included Mufasa The Lion King |
| The visual effects group behind Disney's Mufasa The Lion King and its upcoming Snow White remake, is on the brink of failure. | The visual effects group behind Disney's Mufasa The Lion King and its upcoming Snow White remake, is on the brink of failure. |
| Technicolor owns several leading visual effects studios including MPC, Mikros Animation and The Mill, with operations in the US, UK, Canada and India | |
| The Paris-based company employs 446 people in the UK, according to recent corporate filings and has told staff not to come into the office. | The Paris-based company employs 446 people in the UK, according to recent corporate filings and has told staff not to come into the office. |
| The BBC has approached Technicolor for comment | The BBC has approached Technicolor for comment |
| Visual effects (VFX) studios play a key role in film production. Most modern big-budget movies and television will rely heavily on visual effects to transport actors and audiences into outer-space, the distant past or the deep-sea. | Visual effects (VFX) studios play a key role in film production. Most modern big-budget movies and television will rely heavily on visual effects to transport actors and audiences into outer-space, the distant past or the deep-sea. |
| 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. | 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. |
| As well as purely animated films and TV, many live action releases are in large-part the work, of the employees of VFX studios. | As well as purely animated films and TV, many live action releases are in large-part the work, of the employees of VFX studios. |
| Many staff work film-to-film on fixed-term contracts, so redundancies if they are announced, may not reflect the total impact of the business' troubles on jobs. | Many staff work film-to-film on fixed-term contracts, so redundancies if they are announced, may not reflect the total impact of the business' troubles on jobs. |
| Technicolor owned MPC, was founded in 1970 as a Soho based production company. It has been a major force in the VFX industry delivering big budget movies such as recent computer-animated remakes of Disney's The Lion King and the Jungle Book. | Technicolor owned MPC, was founded in 1970 as a Soho based production company. It has been a major force in the VFX industry delivering big budget movies such as recent computer-animated remakes of Disney's The Lion King and the Jungle Book. |
| Recent projects include "Kraven the Hunter," "Young Woman and the Sea" and "Emilia Perez" according to Variety. | Recent projects include "Kraven the Hunter," "Young Woman and the Sea" and "Emilia Perez" according to Variety. |
| Mikros Animation projects include two recent Mutant Ninja Turtles titles and the Paw Patrol series of films. | Mikros Animation projects include two recent Mutant Ninja Turtles titles and the Paw Patrol series of films. |
| 'Render in peace' | 'Render in peace' |
| In an email sent to UK staff, Technicolor said the group's UK entity Technicolor Creative Studios UK Ltd filed for administration Monday. | In an email sent to UK staff, Technicolor said the group's UK entity Technicolor Creative Studios UK Ltd filed for administration Monday. |
| Staff were told not to come into the office. | Staff were told not to come into the office. |
| US employees were also notified the company could fold via email. | US employees were also notified the company could fold via email. |
| According to animation news publisher Cartoon Brew an email sent over the weekend by chief executive Caroline Parot said "external headwinds" had exacerbated problems caused by factors including post-covid recovery. | According to animation news publisher Cartoon Brew an email sent over the weekend by chief executive Caroline Parot said "external headwinds" had exacerbated problems caused by factors including post-covid recovery. |
| She also said the US writers' strike which led to a slow-down in demand for VFX work causing "severe" pressure on cash-flow. | She also said the US writers' strike which led to a slow-down in demand for VFX work causing "severe" pressure on cash-flow. |
| 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. | 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. |
| "Render in peace" one self-described 13-year veteran of The Mill wrote on Reddit - a reference to the computationally intense process of producing final, film grade images, a process known as rendering. | "Render in peace" one self-described 13-year veteran of The Mill wrote on Reddit - a reference to the computationally intense process of producing final, film grade images, a process known as rendering. |