In a transaction expected to be completed by June, the company has entered into an agreement with Mikros’s parent company Mediacontech to acquire Mikros.
Mikros’s predominantly Montreal-based feature animation division produced 2014’s Astérix: Le Domaine des Dieux (Astérix: The Land of the Gods). The studio also has two animated films slated for release this year: the CGI/stop-motion hybrid Le Petit Prince (The Little Prince) (directed by Kung Fu Panda co-director Mark Osborne) and Mune le gardien de la lune (Mune: Guardian of the Moon).
“The acquisition of Mikros Image aligns with our strategic objective to grow in animation and advertising,” said Technicolor CEO Frederic Rose. “Their proven expertise in feature animation film and advertising will strengthen our offering.”
Offering both production and post-production services across features, advertising, TV, video games, and corporate communication, Mikros delivers more than 400 projects a year and generated $47.7 million in 2014. The studio collaborated with French animation studio H5 on Logorama, which won the Academy Award for animated short film in 2010.
The acquisition of Mikros is the latest move in Technicolor’s commitment to strengthening its animation business offering. Less than two months ago, it acquired French independent animation producer OuiDo Productions (Alvinnnn! & the Chipmunks, Sonic Boom). It also owns Moving Picture Company (MPC) and Mr. X Inc.