News
July 29, 2014
Technicolor Announces a Major Expansion at its Montréal Studio
The leader in special effects and postproduction is banking on the skills of Québec’s workforce and creating 220 new specialist jobs in Montréal
In its July 28 edition, Montréal daily La Presse announced that French multinational Technicolor, a world leader in special effects and postproduction, has decided to substantially expand its Montréal studio; within the next six months, the number of employees will rise from 300 to 520.
This is an important decision for Technicolor, which set up shop in Old Montréal under the trade name The Moving Picture Company (MPC) less than a year ago and will now become by far the largest visual effects studio in Québec.
La Presse reports that the company’s decision to expand in Québec was based primarily on Montréal’s highly skilled workforce and the generous tax measures for work in visual effects.
In the next few months, employees at the Montréal studio will be working on three major new projects: the Warner Bros. movie Pan; the next Fantastic Four movie from 20th Century Fox; and Paramount’s Terminator: Genesis—with Arnold Schwarzenegger no less.
The Québec government supported Technicolor’s set up in Montréal through a $1.2 million loan administered by Investissement Québec.
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