Canadian animation studio Fatkat has shut its doors. The studio employed 100 people at its peak providing service work on shows like Skunk Fu!, Chaotic, and SuperNormal. Studio founder Gene Fowler has posted a long blog entry with information about the closure. In the post, Fowler says that he and a few of his friends are gathering together to launch a new studio called Loogaroo, located in Miramichi, the same city as Fatkat.
The story of the studio’s shutdown is more complicated than it appears. In his post, Fowler blames the production of a new series called Three Delivery, calling it the “most demanding and torturous production I have ever seen,” and says his “heart goes out” to the crew that had to work on the show. That show was created by Larry Schwarz (Kappa Mikey), who runs the New York studio Animation Collective, which as you may recall, was having its own problems paying artists a few months back.
Additionally, this CBC article from a few weeks ago offers juicy details about Fatkat’s finances. It says that the Canadian government had awarded over $1 million in grants to Fatkat since 2005, but had decided to withdraw its funding in the past few weeks because “Fatkat does not have the revenue stream it had anticipated.”