... According to the text of the notice, obtained by Variety, “Technicolor has been facing severe financial challenges. Despite exhaustive efforts — including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities — we have been unable to secure a viable path forward. Unfortunately, this leaves us with no alternative but to acknowledge that the Company may be forced to foreclose.” Another portion reads, “If no viable solution is found, we may be required to cease our U.S. operations as early as Monday, February 24, 2025.” ...
See the full story here: https://variety.com/2025/film/global/technicolor-vfx-mpc-shutter-severe-challenges-1236316354/