Technicolor Post Production Sale
January 15, 2021

Technicolor Post Production Sale

PARIS – Streamland Media is purchasing the Technicolor Post business.
Richard Moat, Chief Executive Officer of Technicolor, states: “Today’s announcements reaffirm our commitment to a stronger future for Technicolor. The strategic sale of Technicolor Post is part of our long-term vision for Production Services to focus on VFX and animation for the entertainment industry, and creative services and technologies for the advertising industry, which provide the maximum value to our clients. We will continue to focus on these core areas through our award-winning creative studios The Mill, MPC, Mr. X and Mikros Animation. Moreover, my personal investment in Technicolor shares marks my commitment to our transformation and my confidence in Technicolor’s future.”

Streamland Media has agreed to purchase the Technicolor Post business for €30 million. The sale, which is subject to customary closing conditions, is expected to close during the first half of 2021.

The current performance of Technicolor’s operating businesses is in line with the Group’s expectations. Production Services has been awarded numerous new projects, securing approximately two thirds of its expected 2021 sales pipeline for Film & Episodic Visual Effects, and is in negotiations for several more. Confirmed projects for 2021 include Disney’s live-action adaptations of The Little Mermaid and Pinocchio, and their recently announced The Lion King prequel.