From “Back” To Bust: Inside The Epic Implosion Of Technicolor
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deadline.comEXCLUSIVE: “We’re back,” was the upbeat message delivered by Technicolor CEO Caroline Parot to thousands of global employees during an online Town Hall last month.
Six weeks later, the iconic film company is in ruins and thousands are out of jobs after one of the swiftest and most painful corporate implosions in recent years.
In the space of just a few days in late February, the company cratered in the U.S., UK, India and Canada, while operations in France continue amid a receivership process.
One executive from a rival VFX firm described the scale and suddenness of the damage to us as a “holy shit moment for everyone”.
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