Technology outfit Technicolor is to split in two with the partial spin-off of its Creative Studios arm.

Technicolor plans to list and spin-off 65% of special effects arm Technicolor Creative Studios (TCS) through a distribution in-kind to Technicolor shareholders, while Technicolor will remain listed on Euronext Paris and, post-spin off, will retain up to 35% ownership of TCS

Source: Technicolor to split in two with TCS spin-off