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.
The move aims to bolster Watch Next’s overall CG animation development, production capabilities, financing opportunities, and talent pool; CEO and founder Philippe Alessandri remains at the helm.
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.
The unfortunate move follows a previous wave of staff cuts earlier this year, after the newly acquired Activision Blizzard division sought to reduce “areas of overlap.”
The Boomerang app and website sunset on September 30, 2024, wherein current subscribers will be moved to the Max ad-free tier at their current price discount for six months.
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.’
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.
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.’
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.
The streamer's VP of Animation Film will head the completely integrated global studio; former Animal Logic CEO Sharon Taylor has resigned.
The animation studio where shows like ‘Dexter’s Laboratory’ and ‘The Powerpuff Girls’ were produced will ditch its iconic Burbank, California spot on August 1 to share offices with Warner Bros. Animation; both divisions will continue to run separately.
Fresh off its acquisition of Plan B, the French media conglomerate has purchased the Amsterdam-based developer and producer responsible for the Prime Video series and Richard Linklater’s ‘Apollo 10 ½.’
Coming later this year, the app is aimed at establishing an industry-standard toolset for collaborative review; designed to integrate into individual pipelines, teams can review shots, edits, and grades in a single, unified application on all desktop platforms and operating systems.
Leading VFX and animation company enters deal with publicly traded SPAC Sports Ventures; combined company, to be led by current CEO Namit Malhotra, will be listed on the Nasdaq.
Technicolor Creative Studios continues its strategic rebranding and consolidation by integrating its visual effects companies into one of the world’s largest VFX studios.
Technicolor Creative Studios merges the 2 companies, creating the world’s largest VFX studio for the advertising and brand experience industries.
New Wattpad WEBTOON Studios will create multi-platform, data-driven TV, film, and book content; parent company Naver commits $100M for production development and financing.
Deal gets e-commerce and streaming giant extensive library of more than 4,000 films and 17,000 TV shows, including ‘Rocky,’ ‘The Pink Panther,’ ‘Tomb Raider,’ and a part of ‘James Bond.’
The visual effects and sound studio’s new branch makes previously remote services more hands-on for its China-based clients; PixelBox deal increases the studio’s resources and capabilities.
$7.5 billion cash deal for game maker’s parent, ZeniMax Media, expands software giant’s growing gaming business profile.
Scottish studios bring together collective talents to serve UK domestic and international Marketplace.
Maker of Cinema 4D will join forces with software company behind VFX tools like Trapcode and Magic Bullet as part of the Nemetschek Group’s media and entertainment division.
Disney’s historic $71.3 billion acquisition of 21st Century Fox creates an unprecedented collection of content and talent for the Mouse House.
Amidst cost-cutting and layoff speculation, studio appoints four key Fox executives for top roles once merger is complete.
Disney’s $71 billion cash and stock bid is approved by stockholders of both companies along with agreement to spin-off the new ‘Fox.’
