Tagged With: acquisitions

Business Headline News

Take-Two Interactive Reveals Sale of Private Division Label

According to CEO Strauss Zelnick, the ‘Tales of the Shire’ developer was sold so that the company, ‘could focus our resources on growing our core businesses for the long term;’ the details of the deal were not disclosed.

Business Headline News

RIVA Studios Makes Bid to Acquire TeamTO

The proposed sale, subject to approval from the Commercial Court of Paris on October 30, follows the French animation studio's September announcement of insolvency, attributed to market challenges in the animation industry over the past two years.

More AI in Film and TV Headline News

XTR Acquires AI Animation Studio Late Night Labs

The film and television studio known for its feature documentary ‘Daughters’ will utilize the AI studio’s proprietary technology to help launch holding company Asteria Film Co. to produce animation, fiction, and non-fiction film and television.

Business Headline News

Basilic Fly Studio Acquires 70% Stake in One of Us VFX Studio

The two companies, which now boast over 900 artists combined, previously teamed for ‘Bridgerton’ (Season 1 and 2), ‘Fantastic Beasts: The Secrets of Dumbledore,’ ‘Napoleon, Zone of Interest’ and ‘Luther: The Fallen Sun.’

Business Headline News

Skydance Reveals ‘New Paramount’ Vision Ahead of Merger Finalization

David Ellison, who will be named Chairman-CEO if the deal goes through, stressed that moving forward, the company will be a ‘confluence of art, first and foremost, working hand in hand with technology.’

Business Headline News

Skydance, National Amusements Reach Tentative Paramount Acquisition Deal

Talks are more than back on… the purchase will not be finalized until it is reviewed by the special committee of Paramount’s board of directors, with a 45-day period to shop around for other bidders.

Business Headline News

Evercoast Acquires DepthKit Volumetric Capture Company

The end-to-end 3D spatial video software provider announces deal that expands its efforts in race to capture and generate 3D digital humans and spatial video while marking an evolution of generative AI from 2D to 3D creation.

It’s Anime-zing Headline News

GKIDS Drops ‘Dan Da Dan’ Teaser Trailer

The award-winning animation producer/distributor lands theatrical/home entertainment rights for Science SARU’s highly anticipated anime series based on Yukinobu Tatsu’s manga of the same name.

It’s Anime-zing Headline News

Crunchyroll’s ‘Spy x Family Code: White’ Hitting Theaters April 19

The anime destination also revealed theatrical release dates for ‘Haikyu!! The Dumpster Battle’ and ‘Blue Lock the Movie -Episode Nagi-.’

Business Headline News

DNEG Acquires Unity’s Ziva Toolset

Leading visual entertainment company nabs exclusive license for the powerful character-simulation software and will onboard a large portion of the tech team; real-time character creation, assisted by machine learning, enables artists to craft accurate and scalable digital characters efficiently.

Business Headline News

Superprod Group Acquires Studio 352 and Mélusine Productions

Acquisition of the two Luxembourg-based studios bolsters the company’s development, production and financing capabilities for premium feature and TV animation.

Business Headline News

GKIDS Acquires Distribution Rights to Mamoru Hosoda’s Films

The distributor gains North American rights for the Oscar-nominated director’s entire catalog including ‘Belle,’ ‘Mirai,’ ‘The Girl Who Leapt Through Time,’ and ‘Wolf Children;’ new theatrical and home entertainment releases will highlight Hosoda’s unique artistry.

Business Headline News

Autodesk Closes PIX Acquisition

With the addition of the production management solution, the tech giant’s industry cloud for M&E, Flow, will link previously disparate workflows of pre-and post-production, fostering broader collaboration and efficiency.

Business Headline News

Magic Media Acquires Interactive Creation

The North Macedonian studio specializes in 3D, Animation, and VFX, and has contributed to multiple notable video game project, such as ‘Fall Guys,’ ‘Weird West,’ and ‘Shadow Warrior.’

Business Headline News

9 Story Media Group Acquires Portfolio Entertainment

The deal includes its library, production slate, and development projects, with founder Lisa Olfman joining the media group to drive existing projects and expand 9 Story’s business opportunities.

More Industry Cuts Headline News

Microsoft to Layoff 1,900 Activision Blizzard, Xbox Employees

The tech giant has begun to cull workers from the newly acquired division to reduce ‘areas of overlap’ during the integration effort, with Blizzard Entertainment president Mike Ybarra also exiting the company.

Business Headline News

Rick Mischel Acquires Yeti Farm, Launches Artists Animation Studio

The veteran animation producer and former Bardel CEO will serve as CEO of the new company, headquartered in Kelowna, British Columbia; Todd Ramsey assumes role of Head of Animation while Ashley Ramsey departs to pursue new opportunities. 

Business Headline News

Animal Logic Integrating into Netflix Animation, Karen Toliver to Lead

The streamer's VP of Animation Film will head the completely integrated global studio; former Animal Logic CEO Sharon Taylor has resigned.

Business Headline News

China Literature to Acquire Tencent Animation and Comics

The leading online Chinese literature and IP incubation platform will acquire Tencent’s APP platform, intellectual property rights, and related rights to its content (animation, film and TV series projects) in a deal worth more than US$83 million. 

Biggest Breakup of the Year Headline News

Unity Terminates Working Agreement with Wētā FX, Lays off 265 Workers

2 years after purchasing the VFX company’s tools, pipeline, technology and engineering talent pool, the company moves to refocus on video game development, with a goal to become a major player in the professional M&E market; it will also shutter 14 offices.

Business Headline News

Disney to Purchase Remaining Stake in Hulu from Comcast

The company expects to spend approximately $8.61 billion by December 1 for Comcast/NBCU’s 33% stake in the streamer, minus the anticipated outstanding capital call contributions payable by NBCU to Disney, with final amounts to depend on assessment of fair equity value.

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