- The global network of leading creative studios will focus on the creation of Feature Film, Episodic, Gaming and Advertising content
- Technicolor Creative Studios is the home of award-winning global VFX, Animation and Gaming studios MPC, The Mill, Mikros Animation and Technicolor Games
PARIS (FRANCE) – SEPTEMBER 27TH 2022 – Technicolor Creative Studios (Euronext Paris: TCHCS) – previously a division of Technicolor SA, announced its listing as a standalone company today, following the planned distribution of 65% of its shares to Technicolor shareholders and concurrent listing on Euronext Paris.
As of 9am CET on Tuesday, September 27th, Technicolor Creative Studios will trade publicly 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 blockbusters 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 & 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, Josh Mandel, Andrea Miloro and Jeaneane Falkler.
Already one of the world’s largest visual arts providers, Technicolor Creative Studios’ ambition is to become the first-choice production partner for the world’s most successful entertainment companies and brands. 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 Los Angeles Culver City, 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.
Christian Roberton, CEO of Technicolor Creative Studios comments, “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.”
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ABOUT TECHNICOLOR CREATIVE STUDIOS
Technicolor Creative Studios shares are admitted to trading on the regulated market of Euronext Paris (TCHCS)
Technicolor Creative Studios is a creative technology company providing world-class production expertise driven by one purpose: The realization of ambitious and extraordinary ideas. Home to a network of award-winning studios, MPC, The Mill, Mikros Animation and Technicolor Games, we inspire creative companies across the world to produce their most iconic work.
Our global teams of artists and technologists partner with the creative community across film, television, animation, gaming, brand experience and advertising to bring the universal art of storytelling to audiences everywhere.
For further information, please contact:
Isabelle du Plessis
Global Director, PR & Communications
Cell: +1 (929) 213 4658
This press release has been prepared in the context of the spin-off of Technicolor Creative Studios (“TCS” or the “Company”) as a result of which Technicolor SA (“TSA”) ex-TCS is to become Vantiva. This press release is an advertisement and does not constitute a prospectus under Regulation (EU) 2017/1129 of the European parliament and of the council of 14 June 2017 (the “Prospectus Regulation”).
The prospectus prepared by TCS in connection with the admission of TCS shares to trading on the regulated market of Euronext in Paris as part of the distribution of 65% of TCS shares by TSA to its shareholders, approved by the AMF on August 1, 2022 under number 22-331, is available free of charge and upon request at the company’s registered office, 8-10 rue du Renard, 75004 Paris, France, or on the websites of the AMF (https://www.amf-france.org), Technicolor (https://www.technicolor.com/fr/relations-investisseurs) and Technicolor Creative Studios (https://www.technicolorcreative.com/investors/). The approval of the prospectus by the AMF should not be understood as an endorsement of the TCS shares covered by the prospectus. Potential investors in TCS are invited to consult the prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in TCS shares. In particular, investors’ attention is drawn to the risk factors relating to TCS described in Chapter 3 of the prospectus.
The distribution of this press release and the distribution of the shares of the Company may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This press release is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this press release in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions.
The information contained in this announcement is for background purposes only and does not purport to be full or complete and no reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Any purchase or subscription of shares of the Company should be made solely on the basis of the information contained in the prospectus relating to the admission of TCS shares on the regulated market Euronext Paris published on the website of TSA and TCS.
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