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Invisible Universe Studios Appoints Former Disney, Skydance Exec Jonathan Schneider As President

Invisible Universe runs an IP-driven animation studio that builds audiences for its properties online before seeking traditional distribution.

An unsteady quarter saw the company post a net loss of $1.24 billion, or 51 cents per share.

The two former Disney executives have both previously been touted as possible replacements for CEO Bob Iger when his contract is up in 2026.

“We are absolutely committed to making original animated films and are in development on a handful of projects,” said Naito.

“We’re not going to release an expensive original animated movie and just pray people will come,” says Paramount Pictures CEO Brian Robbins.

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

Newly elected board members include ‘Klaus’ producer Jinko Gotoh and ‘The Boy, the Mole, the Fox, and the Horse.’ producer Hannah Minghella.

The company owns 138 internal game development studios and employs 16,600 workers in more than 40 countries.

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

Producer of several entries in Netflix’s Emmy-winning special ‘We the People,’ Buck now has offices in NYC, L.A., Amsterdam, Sydney, and London.

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

Reporting to studio president Bill Damaschke, Prigmore will also director a film for the unit.

The move is part of a larger Gaumont plan to centralize its animation and kids and family divisions in Europe.

Blacklock will be in charge of finding, developing, and producing animated productions for both film and tv.

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.

Rynda is an artist-turned-executive who most recently served as director of creative leadership and development for original animation at Netflix.

The company has also appointed chief marketing and brands officer Jim Fielding as its new strategic advisor to the CEO and board of directors.

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

Among those laid off last week were senior VP of current series Khaki Jones and two kids unit execs, Claire McCabe and Meghan de Boer.