Story perspectives

ON Animation Studios Shuts Down Amid Industry Decline

2/25/2025

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Summary

ON Animation Closure

ON Animation Studios in Montreal is closing after a decade, responding to shifts in the industry.
The studio is known for films such as The Little Prince and Miraculous: Ladybug & Cat Noir.
Job losses in Quebec's animation sector are linked to reduced tax credits and stricter immigration rules.
Mediawan, the parent company, will pursue animation projects with other global studios.
The Quebec animation industry is experiencing a decline due to recent financial difficulties.

Summary

Technicolor Faces Closure

Technicolor Creative Studios is on the brink of closure, jeopardizing approximately 10,000 jobs in VFX and animation.
CEO Caroline Parot highlighted critical cash flow problems and failed investment efforts in a memo.
The UK division has entered administration, resulting in major layoffs among its 440 staff.
Financial instability threatens ongoing projects, including Disney's live-action remakes.
The company's challenges are linked to pandemic effects, rising costs, and the recent writers' strike.

History

Historical Context

The closures of ON Animation Studios and Technicolor Creative Studios reflect a downturn in Quebec's animation industry, echoing challenges faced in the late 1970s when the National Film Board of Canada faced financial troubles. The current decline stems from reduced tax credits and stricter immigration laws, reminiscent of past industry struggles that prompted calls for government support to sustain local talent and production.

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ON Animation Closure

ON Animation Studios in Montreal is closing after a decade, responding to shifts in the industry.
The studio is known for films such as The Little Prince and Miraculous: Ladybug & Cat Noir.
Job losses in Quebec's animation sector are linked to reduced tax credits and stricter immigration rules.
Mediawan, the parent company, will pursue animation projects with other global studios.
The Quebec animation industry is experiencing a decline due to recent financial difficulties.

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