Lionsgate Signs Deal With AI Company Runway, Hopes That AI Can Eliminate Storyboard Artists and VFX Crews
The studi says that replacing human artists with AI will save “millions and millions of dollars.”
Business
Annapurna Interactive’s Entire Staff Resigned En Masse After Dispute With Megan Ellison
The dispute revolved around negotiations to spin off the video game division into a separate company.
Sony Wants To Produce More Animation Content, But Hampered By Animator Shortage, High Costs
The company is looking at options to increase its output, including digital technologies like AI.
Quebec’s Animation And VFX Industries Are Collapsing, Over 50% Of All Jobs Lost In 20 Months
The animation industry in Montreal, the province’s hub of animation and vfx production, is in decline.
New Company Sycamore Studios Will Focus On Kids And Family Animation
Oscar-nominated director Timothy Reckart is a co-founder of the studio.
Canadian Generative AI Animation Start-Up Viggle AI Raises $19 Million
The company’s aim is to redefine the possibilities in AI-driven character animation with a video-3D foundation model that’s built with an understanding of physics.
Titmouse And Polygon Pictures Are Partnering To Produce CG Series
The partnership aspires to combine the “distinctive styles and specialized expertise” of each studio.
Major Netflix Animation Leak Traced Back To Burbank Post-Production Company
Netflix says it is “aggressively taking action” to have the materials removed from the internet.
Cartoon Network No Longer Has A Website Due To Cost-Cutting Measures At Parent Company
After 26 years of operation, the Cartoon Network website has been shut down.
U.K. Kids’ Content Distributor Cake To Acquire Competing Distributor Jetpack
The two London-based companies distribute over 3,500 half-hours of entertainment content.
Bungie To Cut 17% Of Workforce Due To Rising Costs Of Development And Economic Conditions
The company is also moving around 12% of its workforce into parent company Sony Interactive Entertainment.
Indian VFX Studio Basilic Fly Takes Majority Stake In London Studio One Of Us
The combination of the two companies lifts their workforce to over 900 artists.
Scotland’s Largest Animation/VFX Studio Axis Has Collapsed With 162 Jobs Lost
The company’s closure is attributed to “severe cash flow problems.”
Duolingo Further Commits To Animation With Acquisition Of Second Studio
The new acquisition nearly doubles the size of Duolingo’s Detroit-based animation operation.
It’s A Done Deal: Paramount And Skydance Are Merging
The deal will have huge ramifications for the animation industry, including a major new role for John Lasseter.
Framestore Will Shutter Vancouver Studio Citing ‘Industry-Wide Slowdown In Content Production’
The studio’s last day of operation will be July 5.
Animation+, A Free Channel Focused On Adult Comedy Content, Launches In U.S. And Canada
The company plans to start releasing its own original content in 2025.
Hannah Minghella Takes Over As Netflix’s Head Of Feature Animation
She replaces Karen Toliver, who will leave the company.
‘Neon Genesis Evangelion’ Studio Gainax Files For Bankruptcy
After years of mismanagement, the 40-year-old Japanese studio has ceased operation.
Paramount And Skydance Are Nearing A Merger Deal
The deal is valued around $8 billion.
