Technicolor to Spin Off Creative Services, Including VFX Business, Into Separate Firm

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Technicolor Creative Services includes MPC, whose work has been honored with VFX Oscars and has the upcoming 'Top: Gun Maverick' and live-action 'The Little Mermaid.'

CEO Richard Morat said the move will help both the spinoff company and Technicolor “be more agile and ultimately thrive as independent businesses.”

Morat added: “After a comprehensive review, we determined that pursuing the partial spin-off of TCS from the Group along with the full refinancing of the existing debt will be the solution that best aligns strategy, value creation and financial objectives for all of Technicolor’s stakeholders.”

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