They're the company who make all the cool effects major films like Blade Runner 2049, Wonder Woman and The Shape of Water and they've got their eyes on Adelaide.
Technicolor will set up a $26 million visual effects centre in the CBD under the "Mill Film" brand and plan to employ about 500 people over the next 5 years.
An Adelaide Centre of Excellence and VFX Academy will be co-located on site with room for expansion into virtual and augmented reality.
"These Hollywood movies in the future that you see on the big screen, the visual effects will be made here in South Australia," said SA Premier Jay Weatherill.
The French company already employs 15,000 people around the world but is keen to hire skilled young people interested in the film industry.
The State Government's throwing in $6 million in support with more Technicolor's operations expected to boost the South Australian economy by around $250 million over a decade.
"They'll be employing their first staff by the middle of the year," said the Premier.
"They want to recruit young people, young talented people with digital skills here in South Australia."