Technicolor Creative Studios is spinning out of its parent firm, Technicolor SA, as a standalone public company.
Technicolor Creative Studios, previously a division of Technicolor SA, announced that it is spinning off as a standalone company. The move follows the planned distribution of 65% of the company's shares to Technicolor shareholders and concurrent listing on Euronext Paris.
Technicolor SA, formerly Thomson Multimedia, was founded in 1914 and developed a series of innovative color film processes in the early 20th century. The company later acquired several VFX studios including MPC, The Mill, and Mikros Animation as well as established a creative studio Technicolor Games. The four studios will now operate under the brand name Technicolor Creative Studios.
The company will be led by CEO Christian Roberton who will be joined by an executive committee comprised of studio Presidents Tom Williams, Josh Mandel, Andrea Miloro, and Jeaneane Falkler. Technicolor Creative Studios will trade publicly under "TCHCS" on Euronext Paris.
Meanwhile, Technicolor’s non-VFX units have been renamed Vantiva – it will also remain on Euronext as a separate stock under CEO Luis Martinez-Amago.
"My ambition is to build the world’s most successful visual arts company," Technicolor Creative Studios CEO Christian Roberton said. "We believe our legacy for innovation and creativity is our foundation for the future, and the success of our studios will rely on continued investment in cutting-edge technology, the world’s best talent and our ongoing relationships with major entertainment studios and brands."
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