With offices in the US, UK, Canada, and India, the group held a number of prestigious visual effects businesses, including MPC, Mikros Animation, and The Mill.
The directors of Technicolor had been trying to sell the company but had failed to find a buyer.
According to its administrators, “the majority” of the more than 440 employees it had in the UK were laid off. Administrators are exclusively appointed for the UK branch of the company.
“The economic headwinds which are affecting companies right across the creative industries have proved too challenging to overcome, which has led to Technicolor’s UK business being placed into administration today,” Nick Holloway, the company’s joint administrator, said.
