Technicolor to Spin Off VFX and Animation Businesses as a Publicly Traded Company
Todd Spangler NY Digital EditorTechnicolor announced plans to spin off Technicolor Creative Studios, housing its visual effects and animation businesses including MPC Film (formerly known as the Moving Picture Co.), through a share distribution to company shareholders.Paris-based Technicolor will remain listed on Euronext Paris. Following the spinoff of Technicolor Creative Studios, the parent company will retain up to 35% ownership.