Moonbug Acquires Singapore’s One Animation, The Studio Behind ‘Oddbods’
It’s the second Moonbug acquisition this year; in February the company purchased the Little Angel Youtube franchise.
Business
A Major Animation Studio In Baltimore? Outlook Enterprises Wants 150 People By 2024
The company recently teamed with Cartoon Network to launch a talent incubator for artists from underrepresented communities.
Netflix Animation Eliminates 70 Jobs, Drops Three Projects
The three dropped animated projects are ‘Wings of Fire,’ ‘Antiracist Baby,’ and ‘With Kind Regards From Kindergarten.’
DNEG, Netflix Announce Expansion Of Existing $350M Partnership
DNEG is currently working on several Netflix titles including Stranger Things, Nimona, and The School for Good and Evil.
VFX Studio Framestore Promotes Mel Sullivan To CEO; William Sargent Stepping Down
Framestore has worked on blockbusters including the ‘Paddington’ films, several Marvel titles, and ‘Pokémon Detective Pikachu,’ among others.
Warner Bros. Discovery’s Head Of Kids/Young Adults Tom Ascheim Is Out After Just Two Years
Ascheim’s position has been eliminated as a result of the Warnermedia/Discovery merger.
Lottiefiles Raises $37 Million Series B Funding
The company envisions its Lottie format as a replacement for GIFs.
Netflix Unveils Multi-Picture Deal With ‘Drifting Home’ Producers Studio Colorido
The streamer also released a trailer for their first Colorido co-production ‘Drifting Home.’
Bandai Namco Merges Its Production Subsidiaries, Including Sunrise, The Legendary ‘Gundam’ Studio
Sunrise, the Japanese studio behind Mobile Suit Gundam and Cowboy Bebop, is now part of Bandai Namco Filmworks.
Netflix Stock Price Plummets Over 37% As Streamer Lost Subscribers For First Time In 10 Years
The company’s stock price has tumbled by over two-thirds since October’s record high.
Russian Animation In The Fog: How Studios Are Adjusting To An Uncertain Future
A look at how Russian animation producers are trying to adapt as companies in the U.S., Europe, and Australia have halted their purchases of Russian children’s content due to the invasion of Ukraine.
Godzilla Producer Toho Makes Animation A Keystone Of Its 10-Year Business Plan
Toho saw its animation-driven revenues double over the past year, and will look to continue that growth in Japan and abroad.
Bob Iger-Backed Metaverse Startup Genies Passes $1B Valuation After Latest Funding Round
The company allows you to buy, sell, and create cg clothes for your personal animated character.
Baobab Studios Makes Five New Hires, Including Oscar-Nominated Director Erick Oh
Baobab Studios has added two animation directors, two games directors, and a new director of marketing in its latest round of appointments.
Psyop Opens Physical Studio In Germany, Plots Future European Expansion
Although the company works entirely in the cloud, it is opening a new studio hub in Berlin.
Sony, Lego Investment Group Make $2B Investment In Epic Games’ Metaverse Plans
The three companies will work together to “create new social entertainment exploring the connection between digital and physical worlds.”
Discovery Completes Acquisition Of Warnermedia From AT&T
Discovery and Warnermedia have now merged into Warner Bros. Discovery.
Vimeo Is Randomly Hiking Prices – And Will Remove Your Videos If You Don’t Pay
One creator was recently threatened with a 1,650% price increase for video hosting.
Riot Games Makes Equity Investment In ‘Arcane’ Animation Studio Fortiche
Riot now holds a significant non-controlling stake in Paris-based Fortiche.
Disney+ To Introduce An Ad-Supported Subscription Offering In Late 2022
The new pricing tier will help Disney reach its goal of 230-260 million subscribers by 2024.
