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Mediawan Takes Majority Stake In ‘Undone,’ ‘Apollo 10 1/2’ Producer Submarine
Submarine joins Mediawan’s stable of companies which includes Method Animation, On Classics, Magical Society, and Elliot Studio.
Business
Sega Agrees To Buy ‘Angry Birds’ Developer Rovio Entertainment For $706M
According to Sega, acquiring Rovio will accelerate the development of mobile-compatible and multi-platform versions of its IPs.
Report: Paramount Looking To Sell Majority Stake In ‘PAW Patrol,’ ‘Peppa Pig’ Platform Noggin
Paramount wants to develop Noggin into a more interactive learning platform and is looking for a partner to invest in the endeavor.
Cartoon Network Boss Michael Ouweleen Opens Up About Company’s Rough 2022 And Why 2023 Is Already Looking Better
Ouwleen believes the growing pains that accompanied the Warner Bros. and Discovery merger are now behind them.
Wildbrain Acquires Canadian Pre-Production Studio House Of Cool
House of Cool co-founders Wes Lui and Ricardo Curtis will join Wildbrain’s senior management as co-general managers of House of Cool.
Former Marvel VFX And Animation Boss Victoria Alonso Was Dismissed For Breach Of Contract
According to sources, Alonso’s involvement with the Oscar-nominated film ‘Argentina, 1985’ was at the center of her dismissal.
Roblox Had $150M Deposited At Silicon Valley Bank When It Crashed Last Week
The company’s money is safe now though after the government said it would insure all SVB deposits.
Saudi Arabia’s Sovereign Wealth Fund Ups Its Stake In ‘One Piece,’ ‘Dragon Ball’ Producer Toei Company
The increased investment comes just weeks after Toei published an ambitious 10-year financial plan.
Warner Bros. Discovery Sues Paramount For An “Illicit Conspiracy” To Circumvent $500M ‘South Park’ Deal
WBD says Paramount used “verbal trickery” to circumvent the terms of their 2019 agreement.
After 25 Years, Canada’s Teletoon Channel Is Ending. It Will Rebrand as Cartoon Network.
In a concurrent move, the current Canadian Cartoon Network channel will rebrand as Boomerang.
Report: 2022 Was The Second-Best Year Ever For Gaming Investment, Mergers, and Acquisitions, And 2023 Could Be Even Better
After two strong years back-to-back, the gaming industry could be looking at a historic 2023 if Microsoft gets its way.
Amazon, Superplastic Close First-Look Deal, Amazon Studios Developing Janky & Guggimon Animated Series
Amazon’s Alexa Fund also led a $20 million Series A fundraising effort for Superplastic.
Genius Brands’ Frederator Network Signs First-Look Deal For Content From Buzzfeed Animation Lab
The first Buzzfeed IP short-form content for series development by Frederator will be ‘The Land of Boggs.’
Stable Diffusion Is Launching An AI Text-To-Animation Tool In Partnership With Krikey
Krikey says that AI animation can be “the foundation of the next creator economy.”
Disney Is Laying Off 7,000 Workers. Our New Video Essay Explains What CEO Bob Iger Is Doing.
Watch our collab video with The Investor Channel host Colin Tedards as he explains how to read quarterly earnings reports, and why Disney is laying off 7,000 people.
Aardman Boss Warns U.K. Animation Will ‘Go Off The Edge Of A Cliff’ Without Government Aid
Aardman managing director Sean Clarke also lamented poor animation education standards in the U.K. and said graduates who enter the workforce are not “production-ready.”
‘Hair Love’ Producer Lion Forge Animation Looking To Raise $50 Million Through Private Equity
The Oscar-winning Black-owned studio will use the funds to expand its staff, media library, and acquisitions.
Deaplaneta Acquires BRB Internacional’s Library Of Animated Characters
The acquisition includes ‘The World of David the Gnome,’ ‘Dogtanian and the Three Muskehounds,’ ‘Around the World with Willy Fog,’ and ‘Bernard Bear.’
NFT Company Doodles Acquires Trans-Atlantic Animation Studio Golden Wolf
Golden Wolf CEO and founder Ingi Erlingsson will become Doodles’ new chief content officer.
‘Baby Shark,’ ‘Bebefinn’ Producer The Pinkfong Company Appoints David Levy As Head Of U.S. Studio
Based in L.A., Levy will head the development and production of original IP in short-form and long-form content and oversee co-productions.
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