Technicolor is opening a new branch of its VFX operation MPC in Montreal, Quebec, promising to employ more than 200 VFX artists at a new facility in the Old Montreal area. The company also said it would consolidate its Montreal post-production operations from four different sites in Montreal to a single location not far away at 2101 Ste-Catherine.
MPC's new 25,000-square-foot Montreal studio is a $7 million project that leans partly on a $1.2 million loan from Quebec that comes with no interest for two years, according to the Montreal Gazette, which said taxpayers are subsidizing the project to the tune of about $500,000. The new studio is scheduled to officially open October 28, but work on Into the Woods, X-Men Days of Future Past, and Cinderella is already underway, Technicolor said.
Montreal will join MPC's six other locations around the world in London, Vancouver, New York, Santa Monica, Bangalore, and Amsterdam.
"I am particularly happy that this new development will strengthen our network in North America with equipment and the very highest quality talent," said Technicolor CEO Frederic Rose in a prepared statement. "Through its investment, Quebec has created a favorable environment and particularly well-adapted training programs within the Montreal region."