| Technicolor Group S.A. | |
| Former Name: |
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| Type: | Private |
| Predecessors: | Production Services division of Technicolor SA |
| Hq Location City: | Paris |
| Hq Location Country: | France |
| Area Served: | Worldwide |
| Key People: |
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| Revenue Year: | 2021 |
| Assets Year: | 2021 |
| Equity Year: | 2021 |
| Num Employees: | 10,695 |
| Num Employees Year: | 2021 |
| Subsid: | |
| Footnotes: | [1] |
Technicolor Group S.A. (formerly Technicolor Creative Studios, Technicolor SA, and Thomson Multimedia) is a French company that is involved in visual effects, motion graphics and animation services for the entertainment, media and advertising industries. Headquartered in Paris, France, it is a spin-off of Technicolor SA, which now renamed to Vantiva.
The company operates the visual effects, motion graphics and animation units for films, episodic series and video games under their subsidiaries: Moving Picture Company (MPC), The Mill, Mikros Animation, and Technicolor Games.
The creation of Technicolor dates back to 1916 while the first version of said picture processing technology was patented[2] and followed by the later versions in the several decades. The original company that owned the technology, Technicolor Motion Picture Corporation, was co-founded by the Massachusetts Institute of Technology (MIT) graduates Herbert Kalmus and Daniel Frost Comstock in 1915.[3] The first commercially film that used Technicolor is The Gulf Between, which released on September 13, 1917, and was lost in a fire incident on March 25, 1961.[4]
Technicolor has been involved in ownership changes in several years. In 1982, MacAndrews & Forbes acquired Technicolor for $100 million, then sold it in 1988 to the British company Carlton Communications for $780 million.[5] In 2001, French-based media and electronics company Thomson Multimedia acquired Technicolor from Carlton for $2.1 billion.[6] On February 1, 2010, Thomson Multimedia changed its name to Technicolor SA, assuming the name of the picture processing technology which has been widely known for more than 95 years.[7] [8]
Prior to transforming the Production Services division into its Creative Studios unit, Technicolor sold its post-production unit to Streamland Media on May 4, 2021.[9]
On May 19, 2021, the Production Services division of Technicolor SA, transformed into Technicolor Creative Studios to specifically "focused on the future of film, episodic, gaming, brand experiences and advertising". The unit has been led by Christian Roberton as the CEO, reporting to Technicolor SA CEO Richard Moat. With the formation of Technicolor Creative Studios, bringing the robust of studios such as The Mill, MPC, Mikros Animation, and Mr. X.[10] In January 2022, Technicolor Creative Studios announced the integration of MPC Advertising under The Mill[11] as well as the integration of MPC Film, MPC Episodic and Mr. X under the MPC brand.[12]
On February 24, 2022, when Technicolor SA announced the full year 2021 results, the company also intended to list and spin-off 65% of Technicolor Creative Studios through a distribution-in-kind to Technicolor shareholders, while Technicolor will remain listed on Euronext Paris and post-spin off will retain up to 35% ownership of TCS. The business operations of Technicolor will divided into Technicolor Creative Studios and Technicolor's Connected Home and DVD services, which later known as Vantiva.[13] On September 27, 2022, Technicolor Creative Studios became independently public-listed company, while Technicolor SA eventually rebranded as Vantiva, completed the spin-off process.[14] [15]
In May 26, 2024, Technicolor Creative Studios became Technicolor Group.[16]
Technicolor Creative Studios has four distinct operating units: