Riva Studios Purchases Insolvent French Animation Studio TeamTO
TeamTO will continue to operate from its studios in Valence and Paris.
TeamTO will continue to operate from its studios in Valence and Paris.
Conley was most recently executive producer at Wētā FX, where he worked on projects such as ‘Avatar: The Way of Water,’ ‘The Last of Us’ series, and the Oscar-winning short ‘War is Over!’
Riva, unlike the other bidders, has received the support of TeamTO’s owners.
The studio’s diversified approach to content production has led to continued growth for the company.
The company produced numerous series including ‘City of Ghosts,’ ‘PJ Masks,’ and ‘Elena of Avalor.’
In recent years, Chris and Justin Copeland have worked on an impressive number of animated action-adventure series.
The company aims to eventually have a combined workforce of 150 people across two studios in Helsinki, Finland, and Las Palmas, Gran Canaria.
The studio also revealed that it was unprofitable last year because of slow sales on the series ‘Lloyd of the Flies.’
Lee will remain at the studio to work on the ‘Frozen’ franchise.
Powerhouse is the first Texas animation studio to join a union.
The dispute revolved around negotiations to spin off the video game division into a separate company.
“Morale is really low because people no longer trust that they’re being led with their best interests at heart,” said one former Pixar employee.
Even though WBD has made two recent Looney Tunes features that it has chosen to not release itself, it is already planning a revival of the brand.
The company is among the few animation studios that meets a B Corp’s stringent qualifications for social, environmental, and governance best practices.
Oscar-nominated director Timothy Reckart is a co-founder of the studio.
The partnership aspires to combine the “distinctive styles and specialized expertise” of each studio.
The combination of the two companies lifts their workforce to over 900 artists.
The company’s closure is attributed to “severe cash flow problems.”
The new studio aims to fill the creative void left behind by the closure of long-time Atlanta studio Primal Screen.
The new acquisition nearly doubles the size of Duolingo’s Detroit-based animation operation.