Technicolor Visual Effects Unit To Become Separate Company in Reorg

Entertainment services and hardware giant Technicolor announced a major reorganization, with plans to spin off its Creative Studios division as a separate company, issue convertible debt to reduce leverage, will change its top management, and sell its trademark-licensing unit.

Technicolor plans to spin out 65 percent of its Creative Services…

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News Source: https://www.forbes.com/sites/dbloom/2022/02/24/technicolor-to-spin-off-visual-effects-unit-as-public-company-as-part-of-major-reorganization/

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