Jellyfish and Technicolor Shutter

Jellyfish Pictures has stopped its operations.

Their credits include:

• Stranger Things (3 episodes VFX)

• Dog Man (2025)

• Black Mirror (2 episodes)

Jellyfish stated:

“The long-tail impact of Covid, coupled with rising costs and the fall-out from the writer and actor strikes, have had a profound effect on our business.”

They’re not the only major company to shutter this month:

Technicolor Creative Studios and its subsidiaries, The Mill and MPC, are ceasing all US operations.

This is tragic.

Thousands of talented VFX workers will lose their jobs. Their contribution to cinema is immeasurable, working on such movies as:

• The Revenant (2015)

  • “MPC’s task was to take more than 100 in-camera shots and to seamlessly stitch these together, reducing the number down to 39 extended shots.”

• Gravity (2013)

  • Won Oscar Best VFX

• Harry Potter 1 & 2 (2001, 2002)

  • Built all the models

• Gladiator (2000)

  • Won Oscar Best VFX

A memo to all employees that went out last week stated:

“Technicolor has been facing severe financial challenges. Despite exhaustive efforts—including restructuring initiatives, discussions with potential investors, and exploring acquisition opportunities—we have been unable to secure a viable path forward.”

The Industry understands that everything is shutting down last Monday, as they’ve been unable to find a buyer and are entering foreclosure.

Technicolor also laid off almost all of its 440 UK employees amidst its US shutdown, one of its subsidiary brands, commercial VFX/Color house The Mill, is jumping to work at Dream Machine FX, which houses a number of top VFX companies that have worked on Shogun, The Creator, M3GAN, and Challengers.

The UK offices issued a letter to employees yesterday [Monday, Feb 24th] that they will be filing for Administration, a legal process where an appointed administrator takes control of the company.