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AI-Driven Animated Video Generator Hedra Raises $32 Million
Money continues to flow into tech startups that have their sights set on eliminating every single last animation artist.
Business
‘Fairly Oddparents’ Creator Butch Hartman Launches New Animation Studio With Faith-Based Focus
The studio employs over 40 animation crew members.
The Future Of Cartoon Network Looks Very Bleak
A new piece in ‘Bloomberg Businessweek’ paints a grim picture for the future of the 24-hour cartoon channel.
Report: Half Of Hollywood’s Top 10 Most Profitable Films Last Year Were Animated
‘Inside Out 2,’ the most profitable film of 2024, netted Disney $650 million.
Report: Disney’s Shift Of ‘Moana 2’ Production To Canada Cost California Hundreds Of Millions In Economic Benefit
A new study shows that California’s animation industry is in dire condition and without stronger government support, the industry could collapse.
AI Animation Tech Startup Cheehoo, Backed By Netflix Head Of Film Dan Lin, Raises $10 Million
The company wants to make the process of creating animation less expensive and complex.
The Hive Studio Expands To Europe With New Athens Studio
The company is best known for producing Tal Kantor’s 2024 Oscar-nominated short film ‘Letter to a Pig.’
South Korean Government To Invest $1 Billion Into Animation Industry
As animation booms across Asia, the Korean government has announced a major investment initiative to grow its local industry.
Revenant Studio Releases A Statement On Its Approach To AI
The Scottish studio is among the few in our industry that is being transparent about its usage of AI.
Weta FX Expands Into Australia With New Permanent Melbourne Hub
The company’s Melbourne outpost is expected to create 80 jobs.
Montreal’s Laughing Dragon Studios Is Shutting Down, Blames Quebec Government For ‘Gutting’ Animation Industry
The full-service 2d animation studio, which had been in business for decades, employed over 100 workers during peak periods.
‘UltraMan: Rising’ Co-Director John Aoshima Signs Overall Deal With Warner Bros. Pictures Animation
Aoshima is also guest directing on season two of Netflix’s ‘ Blue Eye Samurai.’
A New California Bill Is Proposing A 35% Subsidy For Animated Features, Series, And Shorts
The passage of the bill could encourage more animation production in the state.
OuiDo Productions Acquires Mikros Animation And Technicolor’s Episodic And IP Divisions
The company is rehiring dozens of employees from Mikros and Technicolor Animation Productions.
Rodeo FX Acquires Former Technicolor Group Studio Mikros Animation
Rodeo FX’s purchase of Mikros Animation will preserve up to 287 animation production jobs in Canada and France.
Jellyfish Pictures Founder Phil Dobree Speaks Out About His Studio’s Sudden Closure
Dobree wrote that “unstoppable market forces have resulted in a race to the bottom” and called for greater industry support and regulation for the animation/vfx industries.
Jellyfish Pictures, Animation Producer Of ‘Dog Man,’ Shuts Down Amid Industry Crisis
The financially struggling company had paused operations earlier this month.
‘Dog Man’ Animation Studio Jellyfish Pictures Suspends Operations Amid Financial Struggles
The studio cannot continue in its current financial state and says it is currently exploring all options for sale or investment.
Report: In 2024, Over $5 Million Was Pledged To Animation Projects On Kickstarter
The amount pledged to animation pales in comparison to the amounts given to tabletop games ($220 million) and comics ($46.5 million).
Disney Animation Cancels Long-Awaited ‘Tiana’ Series, Will No Longer Develop Longform Content For Streaming
The studio also announced that it was cancelling an unannounced direct-to-streaming feature-length film.