TECHNICOLOR makes deal to buy THE MILL for €259 MILLION

The Mill has been bought..

 

theMill

 

More companies merging it looks like in visual effects. The Mill has been acquired by Technicolor for €259 million. I hope this doesn’t mean lay offs for any of the crew. Technicolor already has well known visual effects companies like MPC, Mr. X and Mikros Image. Mikros Image, based in Paris, has only just been acquired itself in April 2015. I guess it’s not surprise the acquired a top notch advertising facility to put into their portfolio, especially since advertising can turn more revenue sometimes than films. Two acquisitions in 6 months though, does that seem like a lot? What do you think?

http://www.technicolor.com/en/who-we-are/press-news-center/press-releases/technicolor-acquires-visual-effects-leader-in-advertising-the-mill