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Business

Hedra Hedra

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.

By Amid Amidi | 4 days ago

Butch Hartman Butch Hartman

‘Fairly Oddparents’ Creator Butch Hartman Launches New Animation Studio With Faith-Based Focus

The studio employs over 40 animation crew members.

By Amid Amidi | 4 days ago

Cartoon Network Studios

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.

By Amid Amidi | 6 days ago

2024's Most Profitable Films

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.

By Amid Amidi | 2 weeks ago

Moana 2

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.

By Amid Amidi | 3 weeks ago

Cheehoo founders

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.

By Amid Amidi | 3 weeks ago

Letter to a Pig

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.’

By Amid Amidi | 3 weeks ago

Heartsping: Teenieping of Love

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.

By Amid Amidi | 3 weeks ago

Apollo 13: Survival

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.

By Amid Amidi | 1 month ago

Better Man

Weta FX Expands Into Australia With New Permanent Melbourne Hub

The company’s Melbourne outpost is expected to create 80 jobs.

By Amid Amidi | 1 month ago

Laughing Dragon Studios

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.

By Amid Amidi | 1 month ago

Ultraman: Rising

‘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.’

By Amid Amidi | 1 month ago

Elio

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.

By Amid Amidi | 2 months ago

The Coop Troop

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.

By Amid Amidi | 2 months ago

Teenage Mutant Ninja Turtles: Mutant Mayhem

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.

By Amid Amidi | 2 months ago

Jellyfish Pictures

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.

By Amid Amidi | 2 months ago

Dog Man

Jellyfish Pictures, Animation Producer Of ‘Dog Man,’ Shuts Down Amid Industry Crisis

The financially struggling company had paused operations earlier this month.

By Amid Amidi | 2 months ago

Dog Man

‘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.

By Amid Amidi | 2 months ago

Kickstarter

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).

By Amid Amidi | 2 months ago

The Princess and the Frog

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.

By Amid Amidi | 3 months ago

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