Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now


Technicolor to spin-off Creative Studios division

Division includes Technicolor's visual effects business

Technicolor intends to list its Creative Studios division (TCS) to enable growth, forecasting a positive outlook for 2022.

The announcement forms a cornerstone of the company’s 2021 results following a board of directors meeting on 24th February. The company, whose projects include Ghostbusters: Afterlife, West Side Story and Top Gun: Maverick, completed a debt restructuring plan in 2020 and met its financial guidance for 2021.

Now Technicolor plans to spin-off 65 per cent of TCS, creating two independent market leaders, “each with the ability to pursue its own strategic agenda and unleash value potential.”

The company also revealed it has received a binding offer to sell its Trademark Licensing operations for €100 million in cash, subject to closing conditions, with completion expected in H1 2022.

Technicolor CEO Richard Moat said: “2021 was a year of great success despite the volatile business environment, and we have yet again proved our ability to react quickly and efficiently to unexpected challenges.

“The efforts of our dedicated teams have enabled us to achieve our 2021 guidance, and I want to thank everyone around the world who contributed to this excellent result. The outlook is strong, and today I am pleased to confirm our 2022 guidance.”