Technicolor Bankruptcy: Gaming Unit Sold to TransPerfect; VFX and Animation Future Still Uncertain
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variety.comCarolyn Giardina Following Technicolor’s recent collapse amid financial difficulties, it has inked a deal to sell Technicolor Games to global language translation and AI tech business TransPerfect.
Meanwhile the future of Technicolor’s other brands–VFX giant MPC, commercial VFX company The Mill, and Mikros Animation–is still uncertain.
TransPerfect chief business officer Barnaby Wass told Variety that the companies had been in negotiations for several weeks but Technicolor was seeking a buyer to acquire its entire business.
After Technicolor failed to find a buyer and filed for bankruptcy on Feb. 24, TransPerfect negotiated a deal to save the gaming unit.
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