Freelancers who as soon as labored for the storied manufacturing studio The Mill say they’re owed no less than $280,000, however see little hope in ever getting the funds.
When The Mill relaunched below new proprietor TransPerfect in October, some business observers celebrated the return of a commemorated inventive establishment.
On Oct. 20—one week earlier than TransPerfect unveiled plans to revive a few of The Mill’s operations—freelancers acquired a letter, seen by ADWEEK, from Colortech, the third-party assignee overseeing the liquidation of earlier proprietor Technicolor’s U.S. belongings. The discover said there was no cash out there to pay “unsecured creditors,” together with freelancers nonetheless owed for prior work.