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.
Business
‘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.
Paramount Hit By Mass Layoffs: 800 People To Lose Jobs
CEO Bob Bakish thanked the employees for helping to “advance [Paramount’s] mission of unleashing the power of content around the world.”
Disney Invests $1.5 Billion In Epic Games To Create A Persistent Digital Universe For Its Brands
The companies plan to develop a Disney Universe for gaming, playing, watching, and shopping that will integrate with Epic’s ‘Fortnite.’
Can A Duck Save The Walt Disney Company From Activist Investors?
Ludwig Von Drake is back in a starring role: telling Disney shareholders who to vote for.
Key Disney Exec Says Apple Vision Pro Is ‘A Big Deal’ And Will ‘Change How We Make Content’
Disney talks big about its future with the Apple Vision Pro.
DNEG Animation Promotes Crosby Clyse To Managing Director, Appoints Former Pixar Manager David Park As Head Of Production
DNEG Animation, which animated features including ‘Nimona,’ ‘Entergalactic,’ and ‘The Garfield Movie,’ turns 10 this year.
2024 Animation Industry Layoff Tracker
Tracking layoffs across the animation, vfx, and gaming industries.
Sony Writes Down Value Of ‘Hilda’ Producer Silvergate Media By $50 Million
Silvergate Media co-founder and chair William Astor has also stepped down.
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