After divesting its creative services, including its Oscar-winning visual effects business, Technicolor has unveiled plans to open a studio campus in Culver City later this year.
Technicolor Creative Studios, encompassing the visual effects business, including MPC, which worked on the Oscar-winning film 1917 and Oscar nominee The Lion King remake, will occupy 60,000 square feet of production space over four floors at 8888 Washington Blvd., Culver City.
There will also be a 4,750 square foot virtual production space next door at 8870 Washington Blvd. The Technicolor Creative Hub, which has an 11-year long-term lease, will house artists and technologists from the film, episodic television, advertising and gaming industries and is slated to open in early July.
Technicolor Creative Studios and its focus on visual effects and animation work also includes brands like The Mill, which provides visual effects for advertising clients, Mikros Animation and Technicolor Games.
The Culver City campus plans to initially accommodate approximately 350 employees, but can be expanded for hybrid and remote production work. (The Los Angeles Times first reported the new lease and campus plans.)
Technicolor plans to divest 65% of its Technicolor Creative Studios and retain 35% ownership for itself. Recent work from Technicolor Creative Studios includes Ghostbusters: Afterlife, Cruella and West Side Story.
Coming he has Top Gun: Maverick and live action Little Mermaid. In 2020, Technicolor went through a restructuring after filing for bankruptcy.