Business Archives | Page 2 of 205

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.

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.

Weta FX Expands Into Australia With New Permanent Melbourne Hub

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

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.

‘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.’

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.

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.

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.

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.

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

The financially struggling company had paused operations earlier this month.

‘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.

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).

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.

VFX And Animation Conglomerate Cinesite Reports $29 Million Loss In Annual Report

The company said in its annual report that it expects its current fiscal year to also be negatively impacted by the ongoing fallout from the Hollywood writers’ and actors’ strikes.

Warner Bros. Games Shuts Down Three Studios, Including ‘Multiversus’ Developer

The three companies being shuttered are Monolith Productions, Player First Games, and Warner Bros. Games San Diego

Montreal’s On Animation Studios Shuts Down

The studio had produced animated features like ‘The Little Prince,’ ‘Ladybug & Cat Noir: Awakening,’ and ‘Playmobil: The Movie.’

Live Updates: Technicolor Implodes; Thousands Of Indian VFX And Animation Workers Won’t Be Paid For The Month Of February

Thousands of vfx and animation workers around the globe could become unemployed as early as this week.

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