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Technicolor likely closing all US operations as of Monday 24th Feb
- rekttrader 2y agoThey partly owned MPEG patents and made a ton on off patent trolling streaming companies… the the point they made their own (m-GO) and when that dried up the money gun stopped brrrrrrring.
- jchulce 2y agoSeveral years ago Technicolor split into separate technology and media production businesses. TFA is about the media unit; the tech part now operates under the name Vantiva.
- ndiddy 2y agoNot just US, looks like globally as well: https://www.reddit.com/r/vfx/comments/1iwmpzo/technicolor_troubles_reach_further_than_the_us/ https://www.reddit.com/r/vfx/comments/1iwmpzo/technicolor_tr...
- anonwebguy 2y agoMy father works here. Said they just finally sold off the last part of Technicolor. Streamland Media owns them now. edit: Back when the strikes happened, the new owners (private equity?) didn't know they had to pay people per union rules. This led to cashflow issues. They didn't even pay people their severances. Apparently the union didn't even fight them.