Technicolor likely closing all US operations as of Monday 24th Feb

Not just US, looks like globally as well: <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;vfx&#x2F;comments&#x2F;1iwmpzo&#x2F;technicolor_troubles_reach_further_than_the_us&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;vfx&#x2F;comments&#x2F;1iwmpzo&#x2F;technicolor_tr...</a>

My father works here. Said they just finally sold off the last part of Technicolor. Streamland Media owns them now.<p>edit: Back when the strikes happened, the new owners (private equity?) didn&#x27;t know they had to pay people per union rules. This led to cashflow issues. They didn&#x27;t even pay people their severances.<p>Apparently the union didn&#x27;t even fight them.

They partly owned MPEG patents and made a ton on off patent trolling streaming companies… the the point they made their own (m-GO) and when that dried up the money gun stopped brrrrrrring.