Technicolor Announces The Mill Shutdown In Employee Memo — Report
deadline.comTechnicolor Creative Studios is reportedly shutting down its U.S. offices of The Mill, MPC Advertising and Mikros Animation.
Citing “severe financial challenges” in a WARN (Worker Adjustment and Retraining Notification) Act notice to employees on Friday, the VFX company announced that operations would cease as early as Monday, effecting their staff in New York, Los Angeles and Chicago.
Deadline has reached out to Technicolor for comment. The full notice, published by Reel 360 News, states: Dear Employees, As we have communicated over the past months, Technicolor has been facing severe financial challenges.
Despite exhaustive efforts—including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities—we have been unable to secure a viable path forward.
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