Technicolor Explores Sale Amid Industry Transformation.

Technicolor, the century-old moviemaking technology company based in Paris, is currently in talks with potential buyers, including private equity firms, Middle Eastern sovereign wealth funds, and rival media groups. This development comes as the company, now owned by former lenders and investment funds, seeks to secure its long-term future.

The company, which employs about 6,000 people across various international offices, operates four main business divisions: Moving Picture Company (MPC), The Mill, Technicolor Games, and Mikros. These divisions provide visual effects, graphics, and animation services for the film, TV, gaming, and advertising industries, generating annual revenues of approximately €500 million.

Following challenges posed by the pandemic and Hollywood strikes, Technicolor has undergone significant changes. Under new leadership, including CEO Caroline Parot and Chairman Marc-Antoine d'Halluin, the company has implemented a restructuring and recovery plan. This strategy aims to diversify the business beyond mainstream filmmaking, focusing on faster-growing areas of production and leveraging AI to reduce costs and expand client possibilities.

Report by Financial Times