Kids
Yes, it’s for real: Technicolor suspends creative operations
Technicolor’s four creative units – Mikros, The Mill, MPC, and Technicolor Games – have suspended operations, with over 2,000 Indian employees asked not to report to work until further notice.
Despite last-minute talks with potential partners, rescue efforts failed, as signaled by WARN notices in the US. The sudden closure of these once-exemplary VFX and animation studios has been attributed to alleged financial mismanagement, excessive spending, and negative cash flows.
Many a panic stricken VFX artist has been reaching out to the indiantelevision.com group seeking succour to get them jobs.
Updated on 24 February at 2:47 pm:
Media reports state that in the United Kingdom, Technicolor Creative Studios UK Limited will be filing for administration, today 24 February. According to procedures, when a company goes into administration in the UK an external liquidator comes aboard to manage the company, repay creditors, and determine its future.
Updated on 24 February at 3:28 pm:
Altogether 10,000 or so employees the world over working under the Technicolor group have been impacted by the decision to shutter operations.
Updated on 24 February 2025 at 5:37 pm.
An earlier letter sent out to company executives by CEO Caroline Parot had the following to say: “Today (21 February 2025), the company must face reality. Due to inability to find new investors for the full group, despite extensive efforts, Technicolor group has filed for Court “recovery procedure” before the French Court of Justice to give a chance to enable to find solutions.
In each country, the appropriate framework for orderly protection and way forward is currently being put in place to allow, when possible, to remain in business continuity.
This decision was not taken lightly; every possible path to preserve our legacy and secure the future of our teams will be thoroughly explored to offer a chance to each of its activity to be pursued with new investors.”
Updated on 25 February at 1:49 pm
On 24 February a bunch of Indian employees visited their office only to find no one. And they were told that there was no clarity on the way forward. All employees need to stay at home until informed otherwise, is what they were told. Net outcome: Many have started looking for jobs elsewhere. Readers of this can post their CVs and work samples on AnimationXpress.com’s Screenhub when they click on this link.
https://screenhub.in/register/
We intend to push your CV to studios which have not been impacted by the troubling tale of Technicolor.
Kids
Mukta Arts and Green Gold ink MOU to animate iconic film IPs
Kalicharan, Karz, Hero, Karma, Ram Lakhan to spawn animated shows plus features.
MUMBAI: When classic hindi movie meets animation, the result is a fresh reel of nostalgia with a cartoon twist. Mukta Arts Ltd. and Green Gold Animation have signed a Memorandum of Understanding (MOU) to collaborate on animated shows and feature films drawn from Mukta Arts’ four-decade treasure trove of iconic IPs. The partnership taps Mukta’s SGM Animation Studio launched in 2025 as its dedicated animation and games arm and Green Gold’s proven track record in building scalable, homegrown franchises. Creative teams from both sides have already kicked off discussions, with the first project currently in development.
The slate will draw inspiration from landmark Mukta films including Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar and Iqbal, plus character-led spin-offs from those universes. The aim is to reimagine these stories for today’s young, global audiences while preserving their emotional core.
Green Gold Animation (home of Chhota Bheem) founder and CEO Rajiv Chilaka said, “This partnership with SGM Studios allows us to apply our experience in building long-lasting animation IPs to a truly iconic film catalogue. Together, we aim to create animated worlds that are rooted in these legendary stories, yet designed to connect with today’s young, global audiences.”
Mukta Arts Ltd. filmmaker and founder Subhash Ghai added, “Mukta Arts has always believed in creating stories with lasting emotional value. Through animation, we are extending our IP into a new medium for the next generation.”
In an industry where timeless tales never go out of fashion, this collaboration promises to bring beloved characters back to life with a modern, animated glow proving that some stories are too good to stay in live-action. Stay tuned for the first animated frame to drop.
