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Toon Boom Animation Software Acquired By U.S. Investment Firm For Over $110 Million

The new owner, Integrated Media Company, plans to “expand [Toon Boom’s] platform into new markets and to introduce ground-breaking products.”

“Bob has once again set Disney on the right strategic path for ongoing value creation,” says Disney’s chairman of the board of directors.

Toon City Vancouver will specialize in both traditional and digital services, with an eye towards co-production opportunities.

The company has also appointed Ngenious founder Éric Gervais-Després as its head of R&D and pipeline development.

McCarthy, who is taking family medical leave, will continue to serve as a strategic advisor during the transition.

Viva picks up a minority stake in the Spanish company now, but will have the option to up that to a majority share in two years.

Zinkia executives will ask shareholders to approve a sale of ‘Pocoyo’ to French outfit Animaj Investment next month.

Meta had to offload Giphy after U.K. authorities ruled the original sale “could allow Meta to limit other social media platforms’ access to gifs.”

Former Lightstorm Entertainment president of franchise development Kathy Franklin will serve as Hidden Pigeon’s first CEO.

The company is undertaking cost-saving efforts as subscribers canceled Disney’s streaming services en masse for the second quarter in a row.

The news of Damaschke’s official appointment came during WBD’s Q1 earnings call led by CEO David Zaslav.

The U.K. Competition and Markets Authority believes the acquisition could harm the cloud gaming marketplace.

Submarine joins Mediawan’s stable of companies which includes Method Animation, On Classics, Magical Society, and Elliot Studio.

According to Sega, acquiring Rovio will accelerate the development of mobile-compatible and multi-platform versions of its IPs.

Paramount wants to develop Noggin into a more interactive learning platform and is looking for a partner to invest in the endeavor.

Ouwleen believes the growing pains that accompanied the Warner Bros. and Discovery merger are now behind them.

House of Cool co-founders Wes Lui and Ricardo Curtis will join Wildbrain’s senior management as co-general managers of House of Cool.

According to sources, Alonso’s involvement with the Oscar-nominated film ‘Argentina, 1985’ was at the center of her dismissal.

The company’s money is safe now though after the government said it would insure all SVB deposits.

The increased investment comes just weeks after Toei published an ambitious 10-year financial plan.