www.awn.com/news/technicolor-files-chapter-15-us-citing-covid-19-impact
Technicolor has suffered a series of setbacks in recent months. On May 28, the company announced it had merged its Mill Film and MR. X VFX companies in response to industry changes brought about by the pandemic; operating now as MR. X, the company noted it would keep all facilities open in Toronto, Montreal, Los Angeles, Adelaide and Bangalore.
Last year in early December, MPC abruptly shut down its Vancouver facility, leaving what sources claimed was as many as 300 artists out of work.
A week later, the company and its former CEO Frederic Rose, were indicted for fraud and breach of trust by French authorities. The charges were levied as part of an ongoing investigation of their role in the bankruptcy and subsequent acquisition of Tarak Ben Ammar’s post-production group, Quinta Industries, in 2012.