Riva Studios Purchases Insolvent French Animation Studio TeamTO
TeamTO will continue to operate from its studios in Valence and Paris.
Business
David Conley Appointed President Of VFX/Animation Powerhouse MPC
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!’
European Union To Spend Over $4 Million And 3 Years To Create Report On European Animation Industry
The report is described as the “first academic, interdisciplinary, and multistakeholder project dedicated to the European animation industry ecosystem.”
The Animation Guild Reaches Tentative Agreement With AMPTP
The tentative deal will now go before Animation Guild members for a ratification vote.
New Report Claims That ‘Arcane’ Is The Most Expensive Series In Animation History
Each episode cost nearly $14 million per episode to produce and market across its two-season, 18-episode run.
AI-Assisted CG Animation App Company Swoove Studios Just Raised $7.5 Million
The app allows anyone, regardless of experience or skill, to generate cg animation.
Riva Studios Emerges As Potential Buyer For Insolvent French Animation Studio TeamTO
Riva, unlike the other bidders, has received the support of TeamTO’s owners.
Belgian Studio Nwave Pictures To Double Workforce At Its New Studio In Liège
The studio’s diversified approach to content production has led to continued growth for the company.
French Studio TeamTO Has Collapsed, Assets Being Sold At Fire-Sale Prices
The company produced numerous series including ‘City of Ghosts,’ ‘PJ Masks,’ and ‘Elena of Avalor.’
Toho Acquires North American Animation Distributor GKIDS
GKIDS has been nominated 13 times for the Best Animated Feature Oscar and won earlier this year for Hayao Miyazaki’s ‘The Boy and the Heron.’
Finnish Animation Producer Gigglebug Opens New Animation Studio In The Canary Islands
The company aims to eventually have a combined workforce of 150 people across two studios in Helsinki, Finland, and Las Palmas, Gran Canaria.
Foundation Media Sets First Look Deal For Film & TV Projects With Simon & Schuster Children’s Publishing
The books will adapted as animated or live-action properties for both film and television.
‘Avatar’ Director James Cameron Joins Stability AI Board Of Directors, Says He Wants To Incorporate AI Into VFX Industry
Last year, Cameron had warned against the dangers of artificial intelligence.
Lionsgate Signs Deal With AI Company Runway, Hopes That AI Can Eliminate Storyboard Artists and VFX Crews
The studi says that replacing human artists with AI will save “millions and millions of dollars.”
Annapurna Interactive’s Entire Staff Resigned En Masse After Dispute With Megan Ellison
The dispute revolved around negotiations to spin off the video game division into a separate company.
Sony Wants To Produce More Animation Content, But Hampered By Animator Shortage, High Costs
The company is looking at options to increase its output, including digital technologies like AI.
Quebec’s Animation And VFX Industries Are Collapsing, Over 50% Of All Jobs Lost In 20 Months
The animation industry in Montreal, the province’s hub of animation and vfx production, is in decline.
New Company Sycamore Studios Will Focus On Kids And Family Animation
Oscar-nominated director Timothy Reckart is a co-founder of the studio.
Canadian Generative AI Animation Start-Up Viggle AI Raises $19 Million
The company’s aim is to redefine the possibilities in AI-driven character animation with a video-3D foundation model that’s built with an understanding of physics.
Titmouse And Polygon Pictures Are Partnering To Produce CG Series
The partnership aspires to combine the “distinctive styles and specialized expertise” of each studio.
