Technicolor Group, the new holding company for Technicolor Creative Studios SA’s business activities, has unveiled its framework to capture emerging business opportunities and pave the way for sustainable growth.
A new holding company with a sound financial position: The lenders and shareholders of Technicolor Creative Studios have strengthened the financial position of the company’s SA’s business activities – MPC, Mikros Animation, The Mill, Technicolor Games – by providing an injection of new money and ensuring a moderate level of indebtedness.
This initiative involved a corporate reorganisation under a new holding company, Technicolor Group, without any impact on business activities. In a sound financial position, the group can now fully focus on implementing its strategy.
The group has been undergoing an internal transformation to better serve its clients, further improve working environments for talents and be optimally positioned for the future. While ensuring the smooth continuation of this transformation, the leadership team will implement a strategy which focuses on three pillars: talent, technology and service expansion.
At the heart of Technicolor Group lies a commitment to cultural transformation, empowering its workforce, and fostering innovation. The leadership team is committed to driving a people-centric culture, while enhancing talent engagement and ensuring attraction and retention in a post pandemic era with renewed vigour. In 2023, the management team has created the scaffolding to overcome the obstacles of the Covid and strike periods and have put in place the growth vectors for the next phase in the media and entertainment industry.
Technicolor Group will boost its journey towards pioneering technologies in the creative industry.
As chief technology officer, Bill Polson will focus on:
- Prioritising Technology Platforms – moving the group’s production platform to web services.
- Empowering Artists – giving artists the ability to work across disciplines and across a larger part of each project; and giving them more powerful AI-backed tools.
- Fostering synergy between technology and creative – introduction of senior technology managers for each business unit to tighten the connection between these two vital aspects, which in turn will drive more innovation.
The group will be enriching its activities to seize business opportunities. It will expand its global footprint by investing in regions with burgeoning potential in visual effects. From Europe to the Middle East and the Asia-Pacific, the group is charting new territories, leveraging India and South Korea as gateways to untapped markets. The group also intends to broaden its expertise and encompass the entire spectrum, including production and pre-production in films, episodic and animation. The group will elevate its value proposition by expanding its service offering into innovative verticals and emerging business sectors.
A strong leadership team to drive the Group on its journey ahead: Technicolor Group benefits from a strong leadership team to navigate the next phase of the group’s development. Along with seasoned corporate executives, the management team is comprised of industry experts, artists and technicians in the computer graphics enabled imagery creation business such as:
- Polson, steering the group’s technology strategy and innovative technologies to the forefront of the creative industry.
- Mikros Animation president and Mikros and MPC chief business and strategy officer Andrea Miloro developing and growing both brands.
- The Mill president Mark Benson, building on the creative and innovative reputation of a partner to the world’s leading agencies and brands.
- Technicolor Games president Andy Emery, developing the group’s gaming business at a time of increasing demand for higher quality graphics.
- Chief commercial officer Jean-Paul Burge, leading, developing and implementing the group’s commercial strategies and partnerships.
- Biren Ghose, managing director for the Asia Pacific (APAC) region including Technicolor India, bringing synergy to business activities in this dynamic region.
With this new framework, the group will gradually move from a holding company structure of visual effects businesses in the film, advertising, games, and animation space to a visual experiences company focused on delivering visual storytelling in all its forms across all geographies.
