The Final Days of Technicolor: Inside a Band of Employees’ 72-Hour Race to Launch New Company ARC Creative (EXCLUSIVE)

variety.com:

Carolyn Giardina A month ago, on Friday, Feb. 21, Technicolor began to alert employees that it was in dire financial trouble and could (and did) begin to shut down that Monday.

The stunning collapse of the iconic century-old company sent shockwaves through the industry, affecting its brands and thousands of employees around the world, as well as their customers.

Paris-headquartered Technicolor had reorganized several times in recent years and when it closed it was the parent company of VFX giant MPC, commercial VFX studio The Mill, Mikros Animation and Technicolor Gaming.

None were headquartered in the U.S. but all maintained either domestic studio operations or points of contact. “Just like that, the place where we had poured the majority of our professional careers and passion — our creative home — was gone,” says Robert Sethi, who was executive creative director at The Mill’s Los Angeles base.