The way forward for Technicolor Group’s French subsidiaries has grow to be clearer following the discharge of Paris Industrial Courtroom’s determination on a number of acquisition affords.
The models have continued to function below administration for the reason that collapse in February of their VFX and animation large guardian, which employed some 5,000 folks internationally, in operations additionally within the U.S., UK, Canada and India.
In particulars to have emerged over the previous 24 hours, Montreal-based agency Rodeo FX has acquired Mikros Animation, whereas U.S. language and AI options large TransPerfect has purchased The Mill Paris, grouping the French actions of The Mill and MPC Promoting.
TransPerfect beforehand snapped up Technicolor Video games on March 1.
Technicolor Animation Manufacturing (TAP) has been acquired by Life Worth, the content material creation-focused holding firm of Boris Hertzog and Gilbert Saada.
Paris Industrial Courtroom paperwork mentioned the acquisitions would safeguard 220 out of some 500 France-based jobs. No monetary particulars of the operations have been launched.
The directors famous that the collapse of the Technicolor Group had been “extraordinarily brutal on a worldwide degree with robust issues linked to the specificities of insolvency procedures in several international locations.”
Hertzog’s acquisition of TAP marks a return to his roots. TAP was a rebrand of Hertzog’s firm OuiDO Productions, which he co-founded with Sandrine Nguyen-Tiet in 2013, and was then acquired by Technicolor in 2015.
TAP was in flip included into the larger Mikros Animation umbrella model. Hertzog was CEO of TAP from 2013 to 2021, after which headed up Mikros Animation, earlier than leaving to create Elevate Worth in 2023, taking the OuiDO title with him.
“It’s a return to our roots… however extra importantly, the start of a brand new chapter: OuiDo 2.0,” he mentioned in a observe asserting the acquisition. “The context could also be difficult however our ambition stays the identical: to create, to innovate, to dream and to understand significant initiatives.”
