The first name in color photography plans to close its film release printing plant in North Hollywood next year.
The “Los Angeles Times” reports Technicolor informed employees last week it will shut down the facility due to the rapid rise in digital cinema production — which has lessened the demand for film prints. Operations will be transferred to a Technicolor plant just outside Montreal. It’s not clear how many jobs will affected. Up to 400 people work at the NoHo plant. Technicolor was founded in Boston in 1914 by MIT instructor Dr. Herbert Kalmus. The company’s name has become a byword for Hollywood glitz and glamour.