Technicolor Creative Studios (Euronext Paris: TCHCS)–previously a division of Technicolor SA–announced its listing as a standalone company today (9/27), following the planned distribution of 65% of its shares to Technicolor shareholders and concurrent listing on Euronext Paris.
Technicolor Creative Studios started trading publicly this morning (9am CET) under TCHCS on Euronext Paris. Going forward, Technicolor, comprised of the Connected Home and Vantiva Supply Chain Services divisions, will remain listed on Euronext Paris under its new name of Vantiva and the leadership of its new CEO, Luis Martinez-Amago.
Founded in 1915, Technicolor led the film industry with the world’s first exploration of full color and sound motion pictures, developing a series of innovative color film processes in the early 20th century. The creative technology brand later acquired leading VFX studios MPC, The Mill and Mikros Animation in addition to establishing Technicolor Games. These four studios now operate under the new brand name, Technicolor Creative Studios, to focus on growth in the entertainment and advertising markets.
Technicolor Creative Studios has a rich legacy for innovation in the entertainment and advertising industries. Major projects include Academy Award-winning features Gladiator, 1917, The Jungle Book and Life of Pi, as well as recent features Ghostbusters: Afterlife, Nope and Disney’s new live-action iteration of Pinocchio. The company’s animation division is credited with the world’s most recognizable animation IP (Intellectual Property) including SpongeBob SquarePants and Teenage Mutant Ninja Turtles. The advertising and brand experience studio The Mill has earned over 500 awards and accolades across its 30-year history in brand marketing, consistently producing work for the world’s most notable brands from iconic Super Bowl commercials to globally renowned campaigns.
Technicolor Creative Studios CEO Christian Roberton will be joined by an executive committee of seasoned industry professionals leading the business, including studio presidents Tom Williams (MPC), Josh Mandel (The Mill), Andrea Miloro (Mikros Animation) and Jeaneane Falkler (Technicolor Games).
Each studio in the network will be powered by shared technologies, creative talent, R&D, and investment in future platforms. The studios have the structural power to provide clients content solutions across their IP journey, from film development to in-game assets and marketing materials. The primary goal of the new Technicolor Creative Studios structure is to provide each of its subsidiary brands and their respective clients with the infrastructure needed to consistently deliver the best creative output.
Technicolor creative studios is home to 11,700+ employees across 11 countries, with plans to continue growing into 2023 to meet market demand across all its verticals.
The new structure and collaborative vision will be cemented further with a Technicolor Creative Studios campus opening this year in Culver City, Calif., which will host all studio brands under one roof, with the addition of a bespoke Virtual Production stage and Creators Hub.
By being fully independent, Technicolor Creative Studios is taking a strategic step to extend its leadership and expand into new and scalable markets, capitalizing on the burgeoning global demand for VFX and animated content.
Roberton said, “My ambition is to build the world’s most successful visual arts company. 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. The next chapter as an independent company will be pivotal in our growth and evolution.”
Mandel, president of Advertising, commented, “As part of the wider Technicolor Creative Studios network, The Mill and our clients can benefit from a huge wealth of shared talent, infrastructure, and investment in technology. We will continue to work with our sister brands, MPC, Mikros Animation and Technicolor Games to innovate, explore new avenues of storytelling and capitalize on shared knowledge to deliver the best VFX, animation and design content for our clients. I am particularly excited for what this spin off means for our ability to further adapt, research, and develop content and technology that will enable brands to explore their footprint in The Metaverse and Web 3.0.”
