Business Archives | Page 2 of 193

Pixar Undertakes Biggest Layoffs In History, Hundreds To Be Let Go

Approximately 14% of the studio’s staff is being laid off.

Disney And Pixar Will ‘Lean On Sequels’ In Near Future, Says CEO Bob Iger

The decision to swing back to sequels is part of the company’s decision to “reduce output and focus more on quality.”

MeTV Announces Toons Network, A Free Channel Dedicated To Classic Animation

The network is licensing a significant part of the Warner Bros. Discovery classic animation library, as well as series and shorts from other companies.

Paramount CEO Bob Bakish Steps Down, Will Receive $50 Million Severance Package

Bakish’s departure happens as Paramount continues to negotiate a merger with Skydance Media.

Atlanta-Based Animation Studio Primal Screen To Shut Down After 30 Years

The company was known for its on-air branding and created thousands of bumpers, promos, and IDs for tv networks, particularly Cartoon Network and PBS Kids.

‘The Tiny Chef Show’ Stop-Motion Studio Factory Transmedia Declares Bankruptcy

The Manchester area studio was also behind the high-profile reboot of ‘The Clangers.’

Disney Defeats Billionaire’s Attempt To Take Over Its Board Seats

CEO Bob Iger says Disney can now return to its main priorities: “[G]rowth and value creation for our shareholders and creative excellence for our consumers.”

France’s Superprod Group Acquires Mélusine Productions And Studio 352

Mélusine has been involved in the production of many European animated features, including ‘The Summit of the Gods’ and ‘Wolfwalkers.’

Paramount+ Unceremoniously Drops 10 Kids Titles Including ‘Rugrats,’ ‘Blue’s Clues & You,’ And ‘Big Nate’

The removals come amid uncertainty about Paramount’s future. The company is laying off 800 workers this year and shuttering the Noggin platform.

Take-Two Acquires ‘Borderlands’ Developer Gearbox For $460 Million

Offloading Gearbox is the latest move by Swedish media giant Embracer Group, which is restructuring after a $2 billion investment deal fell through last summer.

Dreamworks Animation To Significantly Cut Staff In Coming Months (Exclusive)

Hundreds of Dreamworks staffers to be let go in the coming months.

L.A.-Based Real-Time VFX Studio Beyond-FX Purchased By Singaporean Gaming Giant Virtuos

The acquisition Real-time vfx is becoming an increasingly important part of game development.

Scholastic To Pay $186 Million For Full Economic Interest In 9 Story Media Group

9 Story oversees brands including ‘Clifford the Big Red Dog’ and ‘Doc McStuffins’ and owns the Canadian animation studio Brown Bag Films.

Iconic VFX House Tippett Studio Acquired By India’s Phantom FX

According to Phantom, the acquisition will create 250-300 vfx job in India, the U.S., and Canada.

Warner Bros. Discovery Is Shuttering ‘RWBY,’ ‘Gen:Lock’ Animation Studio Rooster Teeth

Approximately 150 employees will be laid off.

‘Teenage Mutant Ninja Turtles’ Director Jeff Rowe Signs First-Look Deal With Paramount Animation

Before helming the latest ‘TMNT’ film, Rowe was a co-writer and co-director on Sony’s Oscar-nominated ‘The Mitchells vs. The Machines.’

French Producer Xilam Says 2024 Is A “Year Of Transition” As U.S. Streamers Reduce Investment In Kids’ Programming (Exclusive)

CEO Marc du Pontavice spoke with Cartoon Brew about how his studio is navigating this challenging moment.

Business