Proceedings.

Technicolor Canada Inc.

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Proceeding
NOIArticle 65.13, 66 et 84.1 Loi sur la faillite et l'insolvabilité
File
500-11-065334-258
Filings held23
Last activity26 Aug 2025
On the record572 days
Secured debt$200M
OverviewSummary updated

Technicolor Canada Inc. filed a Notice of Intention to make a proposal under BIA s. 50.4 on February 26, 2025, in the Superior Court of Québec (file no. 500-11-065334-258). An unaudited internal balance sheet as at December 31, 2024, covering the Canadian entity's MPC and Mikros divisions, reports total assets of $29,916,000 CAD against total liabilities of $63,816,000 CAD. A separate liabilities statement dated February 28, 2025 puts total liabilities at $62,685,000 CAD, with no corresponding asset figure supplied. Secured claims include GLAS SAS, as bond subscriber and agent, holding $170,500,000 CAD in subscribed bonds secured by a $230,000,000 CAD registered security interest over all movable property, and GLAS Trust Company LLC, agent for a lending syndicate, listed for $200,000,000 CAD. The creditor list also shows an aggregate employee claim of $4,150,000 CAD and multiple intercompany claims owed to Technicolor India Pvt Ltd entities.

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Case updates24 dated entries
#Report

The officer filed a report. By the time of this report, virtually all of Technicolor Canada's assets had already been sold via approved transactions, MPC's Toronto and Montreal operations had ceased with employees laid off, and after failing to file a proposal by the extended deadline the debtor was deemed to have made an assignment in bankruptcy on August 12, 2025, with PwC now acting as trustee.

Source: Trustee's report to the creditors on its preliminary administration (in French only)

#Sale

The court granted an approval and vesting order for the sale to Herne Hill Media Inc. Closing terms, as extracted: Vesting occurs upon issuance of the Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions. Sealed: Purchase Agreement (Exhibit R-1).

Source: Approval and Vesting Order

#Filing

Technicolor Canada Inc. — NOI filed, Québec.

Parties

Debtor

Technicolor Canada Inc.

Proposal trustee

PwC

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Registrar AubéSuperior Court of Québec2 orders, Mar 2025 – May 202553 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorTechnicolor Canada Inc.Lavery, De Billy, LLP5 Mar 2025Application · 5 Mar 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 3 named without a figure
#Priority classCreditorAmountSource
4SecuredGLAS Trust Company LLC (Agent du syndicat de prêteurs / Agent for the lending syndicate)Listed as agent for a syndicate of lenders; no security description given on this page. — debtor: Technicolor Canada Inc.$200MAmended List of Creditors
4SecuredHewlett-Packard Financial Services Canada Company · in 6 casesNominal $1.00 amount listed; security not described. — debtor: Technicolor Canada Inc.$1Amended List of Creditors
4SecuredEconocom Canada Inc.Nominal $1.00 amount listed; security not described. — debtor: Technicolor Canada Inc.$1Amended List of Creditors
8UnsecuredTechnicolor India Pvt Ltd - 1Related party (intercompany, Technicolor group entity). — debtor: Technicolor Canada Inc.$8.51MAmended List of Creditors
8UnsecuredEmployés · in 52 casesAggregate entry for employee claims; document does not itemise individual employees or label the class as preferred. — debtor: Technicolor Canada Inc.$4.15MAmended List of Creditors
8UnsecuredAllied Properties REIT · in 5 casesdebtor: Technicolor Canada Inc.$1.68MAmended List of Creditors
8UnsecuredIntegrated Media Technologiesdebtor: Technicolor Canada Inc.$1.09MAmended List of Creditors
8UnsecuredTrace VFX Solutions India Pvt LtdRelated party (intercompany, Technicolor group entity). — debtor: Technicolor Canada Inc.$1.05MAmended List of Creditors
8UnsecuredTechnicolor India Pvt Ltd - 2Related party (intercompany, Technicolor group entity). — debtor: Technicolor Canada Inc.$948KAmended List of Creditors
8UnsecuredeStruxture Data Centers Inc. · in 4 casesdebtor: Technicolor Canada Inc.$825KAmended List of Creditors
8UnsecuredData Sales Co. of Canadadebtor: Technicolor Canada Inc.$595KAmended List of Creditors
8UnsecuredTriovest Realty Advisors Inc. ITF 2debtor: Technicolor Canada Inc.$556KAmended List of Creditors
8UnsecuredVialto Partners LLPdebtor: Technicolor Canada Inc.$516KAmended List of Creditors
8UnsecuredDell Financial Services Canada Limited · in 13 casesdebtor: Technicolor Canada Inc.$287KAmended List of Creditors
8UnsecuredSHI Canada ULC · in 3 casesdebtor: Technicolor Canada Inc.$230KAmended List of Creditors
8UnsecuredHewlett-Packard Financial Svcs CdaSame corporate family listed as secured creditor at $1.00; this is a separate unsecured claim. — debtor: Technicolor Canada Inc.$225KAmended List of Creditors
8UnsecuredLegendary Features Productions USdebtor: Technicolor Canada Inc.$127KAmended List of Creditors
8UnsecuredWillis Canada Incdebtor: Technicolor Canada Inc.$127KAmended List of Creditors
8UnsecuredTechnicolor Creative Services USARelated party (intercompany, Technicolor group entity). — debtor: Technicolor Canada Inc.$115KAmended List of Creditors
8UnsecuredSun Life Financial (REER) · in 8 casesdebtor: Technicolor Canada Inc.$97.9KAmended List of Creditors
8UnsecuredGDI Services (Quebec) LP · in 5 casesdebtor: Technicolor Canada Inc.$90.1KAmended List of Creditors
8UnsecuredIron Mountain Canada Corp · in 3 casesdebtor: Technicolor Canada Inc.$89.1KAmended List of Creditors
8UnsecuredSohonet Inc.debtor: Technicolor Canada Inc.$81.6KAmended List of Creditors
8UnsecuredAnimbot Incdebtor: Technicolor Canada Inc.$76.8KAmended List of Creditors
8UnsecuredBeanfield Technologies Inc. · in 4 casesdebtor: Technicolor Canada Inc.$68.9KAmended List of Creditors
8UnsecuredTechnicolor Creative Svcs US IncRelated party (intercompany, Technicolor group entity). — debtor: Technicolor Canada Inc.$65.3KAmended List of Creditors
8UnsecuredClutch Solutions CA Incorporated · in 2 casesdebtor: Technicolor Canada Inc.$62.6KAmended List of Creditors
8UnsecuredOne Source Communications LLCdebtor: Technicolor Canada Inc.$58.9KAmended List of Creditors
8UnsecuredADP Canada Co. · in 16 casesdebtor: Technicolor Canada Inc.$46.6KAmended List of Creditors
8UnsecuredTechnicolor India Pvt. Ltd - 3Related party (intercompany, Technicolor group entity). — debtor: Technicolor Canada Inc.$43.5KAmended List of Creditors
8UnsecuredTelus · in 115 casesdebtor: Technicolor Canada Inc.$41.4KAmended List of Creditors
8UnsecuredVantiva USA Shd Serv. Inc. HldgsRelated party (successor/affiliate of Technicolor group, Vantiva). — debtor: Technicolor Canada Inc.$40.3KAmended List of Creditors
8UnsecuredTowers Watson Canada Incdebtor: Technicolor Canada Inc.$31.9KAmended List of Creditors
8UnsecuredPChan LTDdebtor: Technicolor Canada Inc.$28.5KAmended List of Creditors
8UnsecuredAmpito Group Inc.debtor: Technicolor Canada Inc.$26.2KAmended List of Creditors
8UnsecuredMcMillan · in 6 casesdebtor: Technicolor Canada Inc.$20.5KAmended List of Creditors
8UnsecuredStudio Elliptik Inc - Nicolas Demedebtor: Technicolor Canada Inc.$18.7KAmended List of Creditors
8UnsecuredBorden Ladner Gervais L.L.P.debtor: Technicolor Canada Inc.$16.7KAmended List of Creditors
8UnsecuredBot VFXdebtor: Technicolor Canada Inc.$16.3KAmended List of Creditors
8UnsecuredFasken Martineau DuMoulin S.E.N.C.R.L. · in 4 casesdebtor: Technicolor Canada Inc.$15.1KAmended List of Creditors
8UnsecuredVille De Montreal (355) · in 12 casesMunicipal claim. — debtor: Technicolor Canada Inc.$13.7KAmended List of Creditors
8UnsecuredDonguk Ohdebtor: Technicolor Canada Inc.$11.8KAmended List of Creditors
8UnsecuredTyco Integrated Security · in 3 casesdebtor: Technicolor Canada Inc.$11.1KAmended List of Creditors
8UnsecuredBureau du Cinéma et de la Télévisiondebtor: Technicolor Canada Inc.$10.1KAmended List of Creditors
8UnsecuredPortrait Displays Inc.debtor: Technicolor Canada Inc.$9.83KAmended List of Creditors
8UnsecuredBytes Software Services Ltddebtor: Technicolor Canada Inc.$9.32KAmended List of Creditors
8UnsecuredMegaport (Canada) Inc.debtor: Technicolor Canada Inc.$8.85KAmended List of Creditors
8UnsecuredBristol Global Mobility Ltddebtor: Technicolor Canada Inc.$6.81KAmended List of Creditors
8UnsecuredFamous Players Limited Partnershipdebtor: Technicolor Canada Inc.$6.3KAmended List of Creditors
8UnsecuredTransport Ant-Pass LTEEdebtor: Technicolor Canada Inc.$5.96KAmended List of Creditors
8UnsecuredFédération des Chambres de Commercedebtor: Technicolor Canada Inc.$5.75KAmended List of Creditors
8UnsecuredCompass Group Canada Ltd · in 4 casesdebtor: Technicolor Canada Inc.$5.58KAmended List of Creditors
8UnsecuredWolters Kluwer Canada Ltddebtor: Technicolor Canada Inc.$5.53KAmended List of Creditors
8UnsecuredFTrack ABdebtor: Technicolor Canada Inc.$5.16KAmended List of Creditors
8UnsecuredUber Holdings Canada Inc.debtor: Technicolor Canada Inc.$4.58KAmended List of Creditors
8UnsecuredAnnex Pro Inc.debtor: Technicolor Canada Inc.$4.27KAmended List of Creditors
8UnsecuredFS.COM Incdebtor: Technicolor Canada Inc.$3.94KAmended List of Creditors
8UnsecuredDataGlobe Canada Inc.debtor: Technicolor Canada Inc.$3.59KAmended List of Creditors
8UnsecuredElectronic Recycling Association of...debtor: Technicolor Canada Inc.$3.33KAmended List of Creditors
8UnsecuredProtelcom · in 2 casesdebtor: Technicolor Canada Inc.$2.8KAmended List of Creditors
8UnsecuredServomax Inc. · in 3 casesdebtor: Technicolor Canada Inc.$2.62KAmended List of Creditors
8UnsecuredKolostatdebtor: Technicolor Canada Inc.$2.39KAmended List of Creditors
8UnsecuredNicolas Delvaldebtor: Technicolor Canada Inc.$2.09KAmended List of Creditors
8UnsecuredFruit-o-Bureaudebtor: Technicolor Canada Inc.$2.06KAmended List of Creditors
8UnsecuredExtincteur Expertdebtor: Technicolor Canada Inc.$2KAmended List of Creditors
8UnsecuredBarsalou Lawson Rheault S.E.N.C.debtor: Technicolor Canada Inc.$1.62KAmended List of Creditors
8UnsecuredJames Hooddebtor: Technicolor Canada Inc.$1.56KAmended List of Creditors
8UnsecuredOceana Digital Ltd. · in 2 casesdebtor: Technicolor Canada Inc.$1.49KAmended List of Creditors
8UnsecuredPrevost Notaires Inc. · in 2 casesdebtor: Technicolor Canada Inc.$1.26KAmended List of Creditors
8UnsecuredPavilion Cowork Incdebtor: Technicolor Canada Inc.$990Amended List of Creditors
8UnsecuredStaples Professional Inc. (Catalog) · in 4 casesdebtor: Technicolor Canada Inc.$931Amended List of Creditors
8UnsecuredClassic Fire + Life Safety Inc · in 3 casesdebtor: Technicolor Canada Inc.$925Amended List of Creditors
8UnsecuredTuan Huy Alias Alain Truongdebtor: Technicolor Canada Inc.$921Amended List of Creditors
8UnsecuredChampion (#3333) · in 2 casesdebtor: Technicolor Canada Inc.$907Amended List of Creditors
8UnsecuredProjecTech Entertainment/Divertissementdebtor: Technicolor Canada Inc.$805Amended List of Creditors
8UnsecuredBell Canada (54) · in 298 casesdebtor: Technicolor Canada Inc.$713Amended List of Creditors
8UnsecuredBeck Taxi (T-0027) · in 6 casesdebtor: Technicolor Canada Inc.$590Amended List of Creditors
8UnsecuredPlacements Saint-Jérôme - Taxelcodebtor: Technicolor Canada Inc.$575Amended List of Creditors
8UnsecuredStuart Shigeo Sumidadebtor: Technicolor Canada Inc.$567Amended List of Creditors
8UnsecuredAmer Ait-Haddidebtor: Technicolor Canada Inc.$441Amended List of Creditors
8UnsecuredRussell A. Farrow Ltd (#180) · in 2 casesdebtor: Technicolor Canada Inc.$301Amended List of Creditors
8UnsecuredDell Canada Inc. (Free Text) · in 14 casesdebtor: Technicolor Canada Inc.$214Amended List of Creditors
8UnsecuredFederal Express Canada Ltd (#155) · in 19 casesdebtor: Technicolor Canada Inc.$208Amended List of Creditors
8UnsecuredA La Carte Express Incdebtor: Technicolor Canada Inc.$153Amended List of Creditors
8UnsecuredVacher Laurencedebtor: Technicolor Canada Inc.$127Amended List of Creditors
8UnsecuredKonica Minolta Business Solutions · in 30 casesdebtor: Technicolor Canada Inc.$83Amended List of Creditors
8UnsecuredLuke Grovesdebtor: Technicolor Canada Inc.$60Amended List of Creditors
8UnsecuredJ.P. Morgan Chase Bank, NANegative balance as listed (credit). — debtor: Technicolor Canada Inc.$-18.6KAmended List of Creditors
8UnsecuredRogers - CellulairesNegative balance as listed (credit). — debtor: Technicolor Canada Inc.$-42.4KAmended List of Creditors
8UnsecuredLavery De Billy, LLPNegative balance as listed (credit). — debtor: Technicolor Canada Inc.$-126KAmended List of Creditors
Sale processAs stated in the filings

6 transactions · 3 closed · 2 approved · 1 proposedLa quasi-totalité des actifs tangibles et intangibles a été réalisée dans le cadre des deux Ordonnances d'approbation et de dévolutionTrustee's report to the creditors on its preliminary administration (in… · 26 Aug 2025

PurchaserPriceStatusSource
l'offrant retenu, non identifié dans le texte fourniles activités de la Société (division Mikros, actifs canadiens et périmètre français) · asset saleSealedprix non chiffré dans le texte fourni; comparaison des offres scellée en Annexe EProposedFirst Report of the Trustee (in French only)
RodeoFX inc.les Actifs achetés · asset sale · nominee/assignee: société à être formée, ou tout autre société désignée par RodeoFX inc. · agreement 13 Mar 2025SealedClosed25 Mar 2025outside 4 Apr 2025Trustee's report to the creditors on its…
Herne Hill Media Inc.the trademarks and registrations described in the Purchase Agreement, and as further described in Schedule "A" attached hereto (the "Purchased Assets") · asset saleSealedApproved12 May 2025Approval and Vesting Order
RodéoFXactifs de la Débitrice (contrats énumérés, employés repris, équipements et autres actifs tangibles et intangibles vendus) · asset sale · agreement 28 Mar 2025not statedClosedFourth Report of the Trustee (in French only)
offrant non sollicité, ancienne entité propriétaire des marques, non nomméecertaines marques de commerces reliées à Mr. X (les « Marques de commerce ») · asset saleSealedClosed12 May 2025Trustee's report to the creditors on its…
purchaser of trademarks excluded from the RodéoFX transaction, unnameddes marques de commerces exclues de la transaction avec RodéoFX · asset salenot statedApprovedTrustee's report to the creditors on its…
Closing termsVesting occurs upon issuance of the Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditionsApproval and Vesting Order
Sealed materialsOffre d'achat (Pièce R-1) et Annexes B, C et E du Rapport (Pièce R-4); Purchase Agreement (Exhibit R-1)Approval, Assignment and Vesting Order (in French only)
Estate financialsReported figures — never derived
Total liabilities at filing$215M

As at 12 Aug 2025 · per Créances déclarées au bilan statutaire · entity - Technicolor Canada, Inc. — Components only for assets: 1 493 354 $ transferred to trustee's trust account from asset realization (as at 12 août 2025), plus a receivable of 429 579 $ for sales tax refunds; claims actually received by the Syndic by 22 août 2025 totalled 197 849 480 $ versus 214 741 589 $ per the statutory balance sheet.

Cash on hand

$1.49M

As at 26 Aug 2025Trustee's report to the creditors on its preliminary administration (in French only)

Documents
23 filings
DateDocumentFile
Trustee's report to the creditors on its preliminary administration (in French only)
  • Cash on hand $1.49M · Note: Proceeds from asset realization transferred to the trustee's trust account. · As at: 2025-08-12
  • Closing confirmed Closed · 25 Mar 2025 · RodéoFX; Closed · 12 May 2025
  • Financial position Liabilities $215M · as at 12 Aug 2025 · per Créances déclarées au bilan statutaire · entity - Technicolor Canada, Inc. — Components only for assets: 1 493 354 $ transferred to trustee's trust account from asset realization (as at 12 août 2025), plus a receivable of 429 579 $ for sales tax refunds; claims actually received by the Syndic by 22 août 2025 totalled 197 849 480 $ versus 214 741 589 $ per the statutory balance sheet.
  • Operational summary By the time of this report, virtually all of Technicolor Canada's assets had already been sold via approved transactions, MPC's Toronto and Montreal operations had ceased with employees laid off, and after failing to file a proposal by the extended deadline the debtor was deemed to have made an assignment in bankruptcy on August 12, 2025, with PwC now acting as trustee.
  • + 4 more extracted facts
PDF
Notice of Bankruptcy and First Meeting of CreditorsPDF
Third Extension of Delay Order (in French only)
  • Presiding officer Registrar Patrick Gosselin
PDF
Fourth Report of the Trustee (in French only)
  • Closing confirmed Closed · 28 Mar 2025 · RodéoFX
  • Purchaser RodéoFX · certains actifs / la convention d'achat d'actif relative à la transaction · asset sale · closed
  • Sale outcome Sale closed — À la suite de l'approbation de la transaction par le tribunal le 25 mars dernier, le Séquestre intérimaire, les avocats de la Débitrice et les avocats de l'acheteur ont travaillé conjointement à la clôture de la transaction avec Rodéo FX
PDF
Motion for a Third Extension of Delay (in French only)
  • Counsel Lavery, De Billy, s.e.n.c.r.l.
PDF
Letter to Right holdersPDF
List of ElementsPDF
Approval and Vesting Order
  • Closing terms Vesting occurs upon issuance of the Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions
  • Order date 12 May 2025
  • Purchaser Herne Hill Media Inc. · the trademarks and registrations described in the Purchase Agreement, and as further described in Schedule "A" attached hereto (the "Purchased Assets") · asset sale · price sealed · approved
  • Sealed items Purchase Agreement (Exhibit R-1)
PDF
Second Extension of Delay Order (in French only)
  • Presiding officer Registrar Vincent-Michel Aubé
PDF
Application for extension of Stay and Approval and Vesting Order (in French only)PDF
Third Report of the Trustee (in French only)
  • Closing confirmed Closed · 28 Mar 2025 · RodéoFX
  • Process results 1 qualified bids · 1 bids
  • Purchaser RodéoFX · actifs de la Débitrice (contrats énumérés, employés repris, équipements et autres actifs tangibles et intangibles vendus) · asset sale · closed; offrant non sollicité, ancienne entité propriétaire des marques, non nommée · certaines marques de commerces reliées à Mr. X (les « Marques de commerce ») · asset sale · price sealed · proposed
  • Sale outcome Sale closed — Vente d'actifs à Rodéo FX conclue et transition en cours; offre pour marques de commerce recommandée pour acceptation
PDF
Order re: WEPP eligibilityPDF
Motion to confirm the eligibility of former employees to WEPPPDF
First Extension of Delay Order (in French only)PDF
Second Report of the Trustee (in French only)
  • Purchaser RodéoFX · la cession à l'offrant des contrats énumérés dans l'offre d'achat · asset sale · approved
  • Sale outcome Sale approved — transaction approved by court March 25, closing in progress
PDF
Approval, Assignment and Vesting Order (in French only)
  • Order date 25 March 2025
  • Outside date 4 April 2025
  • Purchaser RodeoFX inc. · nominee/assignee société à être formée, ou tout autre société désignée par RodeoFX inc. · les Actifs achetés · asset sale · price sealed · approved
  • Sale outcome Sale approved — Transaction approuvée par la Cour
  • + 1 more extracted fact
PDF
First motion for Extension of Delay (in French only)PDF
Motion for Approval, Assignment and Vesting Order (in French only)
  • Applicant TECHNICOLOR CANADA, INC.
  • Appointee PRICEWATERHOUSECOOPERS INC.
  • Appointee role Syndic/Séquestre intérimaire
  • Commencement date 26 February 2025
  • + 3 more extracted facts
PDF
First Report of the Trustee (in French only)
  • Financial position Assets $29.9M · Liabilities $63.8M · as at 31 Dec 2024 · per Bilan interne non audité ('bilans internes'); la Société ne produit pas d'états financiers externes pour l'entité canadienne uniquement · Technicolor Canada, Inc. (entité canadienne, incluant les divisions MPC et Mikros) — libellé 'Bilan Consolidé' dans le document — Un état des passifs plus récent, daté du 28 février 2025 (deux jours après le dépôt de l'avis d'intention), indique un passif total de 62 685 k$ CAD (passif courant 48 553 k$ + passif non-courant 9 359 k$ + réserves 1 882 k$ + autres passifs non-courants 2 891 k$ ≈ 62 685 k$); aucun actif correspondant n'est fourni pour cette date.
  • Process results 36 solicited · 24 NDAs · 8 LOIs · as of 7 Mar 2025
  • Purchaser l'offrant retenu, non identifié dans le texte fourni · les activités de la Société (division Mikros, actifs canadiens et périmètre français) · asset sale · price sealed · proposed
  • Sale outcome Successful bid selected — Le syndic recommande l'acceptation de la transaction proposée après un processus de sollicitation d'offres.
  • + 1 more extracted fact
PDF
Amended List of Creditors
  • Secured creditors $200M · Note: Listed as agent for a syndicate of lenders; no security description given on this page. · Page: 1 · Debtor: Technicolor Canada Inc. · Creditor: GLAS Trust Company LLC (Agent du syndicat de prêteurs / Agent for the lending syndicate)
  • Unsecured creditors $1.05M · Note: Related party (intercompany, Technicolor group entity). · Page: 2 · Basis: List of Creditors as reported by trustee · Debtor: Technicolor Canada Inc. · Creditor: Trace VFX Solutions India Pvt Ltd
PDF
Order Appointing Interim Receiver (in French only)
  • Presiding officer Registrar Vincent-Michel Aubé
PDF
Application for Appointment of an Interim Receiver (in French only)
  • Applicant Technicolor Canada, Inc.
  • Appointee PricewaterhouseCoopers inc.
  • Appointee role séquestre intérimaire
  • Counsel Lavery, De Billy, s.e.n.c.r.l.
  • + 4 more extracted facts
PDF
Notice of Filing of Intention to Make a ProposalPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Technicolor Canada Inc.” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/technicolor-canada-inc

Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/technicolor-canada-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.