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The future of Technicolor Group’s French subsidiaries has become clearer following the release of Paris Commercial Court’s decision on several acquisition offers.
The units have continued to operate under administration since the collapse in February of their VFX and animation giant parent, which employed some 5,000 people across the world, in operations also in the U.S., UK, Canada and India.
In details to have emerged over the past 24 hours, Montreal-based firm Rodeo FX has acquired Mikros Animation, while U.S. language and AI solutions giant TransPerfect has bought The Mill Paris, grouping the French activities of The Mill and MPC Advertising.
TransPerfect previously snapped up Technicolor Games on March 1.
Technicolor Animation Production (TAP) has been acquired by Life Value, the content creation-focused holding company of Boris Hertzog and Gilbert Saada.
Paris Commercial Court documents said the acquisitions would safeguard 220 out of some 500 France-based jobs. No financial details of the operations were released.
The administrators noted that the collapse of the Technicolor Group had been “extremely brutal on a global level with strong complications linked to the specificities of insolvency procedures in different countries.”
Hertzog’s acquisition of TAP marks a return to his roots. TAP was a rebrand of Hertzog’s company OuiDO Productions, which he co-founded with Sandrine Nguyen-Tiet in 2013, and was then acquired by Technicolor in 2015.
TAP was in turn incorporated into the bigger Mikros Animation umbrella brand. Hertzog was CEO of TAP from 2013 to 2021, and then headed up Mikros Animation, before leaving to create Lift Value in 2023, taking the OuiDO name with him.
“It’s a return to our roots… but more importantly, the beginning of a new chapter: OuiDo 2.0,” he said in a note announcing the acquisition. “The context may be challenging but our ambition remains the same: to create, to innovate, to dream and to realise meaningful projects.”