Only days after the news of Technicolor’s potential collapse broke, its video game and ad-focused businesses were poised to make fresh starts. 

New York-based translation company TransPerfect acquired Technicolor Games on March 1 and will operate it as a division of its video game service business TransPerfect Gaming. All Technicolor Games India employees in Technicolor’s Bangalore office will keep working on projects for existing clients. Technicolor Games, which offers services in concept art, CG art, animation, VFX and cinematics, has worked on major AAA licensed video games including Hogwarts Legacy (pictured) and Dragon Age: The Veilguard. 

The acquisition gives TransPerfect Gaming more talent and resources to expand beyond its areas of focus, including venturing into art production, audio services and localization. Technicolor Games CEO Andy Emery and VP of global business development Eric Williams will keep leading the company, as well as joining TransPerfect’s senior leadership team. 

TransPerfect has made no secret of its recent interest in expanding into production. It tried to secure a production-focused division in October by putting in a US$431,000 bid (plus US$2 million in additional capital financing) to acquire Paris-based animation studio TeamTO. (Italy’s RIVA Studios ultimately won the asset.) 

But Technicolor Games isn’t the only part of Technicolor to already be moving on. In late February, employees at the company’s US-based ad-focused business The Mill teamed up with Dream Machine FX to launch a new advertising venture called Arc Creative. 

While these businesses are carrying on in new forms, there’s no information available about what’s going to happen to Technicolor’s other holding, Paris-based studio Mikros Animation (Teenage Mutant Ninja Turtles 2, Thelma the Unicorn). 

It has been just over a week since Technicolor sent memos to its employees in the US, France and the UK stating that it had entered into the receivership process in France. The company predicted this could lead to a third-party buyer taking over the employees and assets of its business. Technicolor attributed its “difficult operational situation” to a post-pandemic market slowdown, and a decrease in customer orders since the writers strike.