VFX Studio @MPCVFX & Its Parent @Technicolor Are Getting ClosedI'm sure you've heard of Moving Picture Company (MPC) or at least the movies it has worked on, like Jungle Book, Life of Pi, Mufasa: The Lion King, Dune: Part Two, Aquaman and the Lost Kingdom, Transformers: Rise of the Beasts, and many more. Unfortunately, sudden tragic news has stricken the industry: its parent, Technicolor Group, is shutting down together with its subsidiaries MPC, The Mill, Mikros Animation, and Technicolor Games.As reported by Variety, Technicolor started sending warnings to customers and employees on Friday, saying the company faced "severe financial challenges." Alas, the worries became a sad reality, and Technicolor began closing its studios. On Monday, Technicolor's CEO Caroline Parot sent a memo to the workers, saying, due to inability to find new investors for the full Group, despite extensive efforts, [Paris-headquartered] Technicolor Group has filed for Court recovery procedure before the French Court of Justice to give a chance to enable to find solutions.Learn more: https://80.lv/articles/vfx-studio-mpc-its-parent-technicolor-are-getting-closed/