Technicolor has announced the immediate closure of its VFX subsidiaries, including The Mill and MPC Advertising, due to severe financial challenges exacerbated by the effects of Covid and a declining market. This abrupt decision marks the end of an era for leading companies known for groundbreaking VFX work in acclaimed films. However, there's a glimmer of hope with reports of The Mill’s team collaborating to establish a new agency, continuing their legacy in high-end advertising and game cinematics.
Technicolor's shutdown of The Mill and MPC Advertising comes after severe financial challenges, marking a significant change in the VFX landscape.
Despite the closure, former employees from The Mill are set to join forces with Dream Machine FX to continue their work in a new agency.
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