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Movie Effects Company Technicolor Is Now Down 87% Since Spinoff
- Film and animation company has plunged since profit warning
- Visual effects firm has worked on Gladiator, Top Gun: Maverick
Source: Getty Images
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Technicolor Creative Studios, which worked on special effects for Hollywood blockbusters including Gladiator and Top Gun: Maverick, is now worth a fraction of its spinoff value, after its shares sank more than 80% over four days.
The company, which was spun off from parent Vantiva SA in September, has seen its market capitalization plunge to around €130 million from just over €1 billion at the time of its Paris listing, with most of the declines coming in the past week after a profit warning.