Riva Studios Buys Troubled French Studio TeamTO
Italy’s Riva Studios has gained a “highly-competitive” public sale for TeamTO, saving the long-lasting French animation studio from chapter. The worth was €2.6M ($2.7M) courtroom filings have proven. The acquisition was authorised by the Tribunal de Commerce de Paris at present, with Riva’s government crew Marco Balsamo, Jay Oliva, and Tara Sibel Demren (pictured) set to steer TeamTO going forwards. TeamTO had run into monetary issues earlier this 12 months and was put up on the market earlier than starting chapter proceedings, with Riva rising as a late bidder throughout an public sale course of as different exited the method. Now the deal is completed, TeamTO will proceed to function from Valence and Paris and a “majority” of its workers shall be retained, with work persevering with on present and upcoming sequence. The studio is understood for making originals resembling Jade Armor and Angelo Guidelines, and for work on reveals resembling PJ Masks, The Creature Circumstances and Skylanders Academy. Founders Guillaume Hellouin and Corinne Kouper will proceed as government advisors whereas additionally serving as government producers on present and upcoming tasks. “We couldn’t be happier as we all know this management crew will honor our twenty years of inventive excellence with a visionary plan that can guarantee TeamTO’s success for one more twenty years and past,” mentioned Hellouin. “Beneath this new course, we’re not simply persevering with the studio’s legacy, we’re constructing a stronger, extra formidable firm that’s able to elevate that customary and redefine what’s doable,” added Riva’s Balsamo. French animation, typically touted as among the many most lauded globally, as been hit exhausting in recent times, with the likes of TeamTO and Cyber Group Studios coming into administration because the powerful financial local weather pinches.
Acast Acquires Artistic Studio Marvel Media Community
Indie podcast group Acast has purchased Marvel Media Community (WMN), a full-service inventive studio to bolster its branded content material provide. WMN is a female-founded studio primarily based in New York Metropolis based by journalist Jenny Kaplan and Shira Atkin that has created and produced audio, digital, experimental and social campaigns for the likes of Nike, Pfizer and GE. Its crew will mix with Acast’s present inventive crew to type Acast Artistic Studios. This division will embrace WMN’s unique manufacturing arm, which can proceed to make podcasts. “This acquisition considerably expands our US operations with the introduction of a extremely skilled content material studio — in each unique and branded, empowering advertisers to create much more impactful campaigns throughout audio and past,” mentioned Acast CEO Ross Adams.
European Pubcasters Elect New EBU Board
The European Broadcasting Union has unveiled a brand new eleven-member government board. The group represents Europe’s pubcasters, collectively promoting key sports activities rights and in addition organizes occasions together with the Eurovision Tune Contest. France Télévisions’ boss Delphine Ernotte Cunci will stay as EBU President. Three new members joined the board: TV Monaco Director Common Nathalie Biancolli, Roland Weissmann from ORF in Austria, and Simona Agnes, from Italy’s Rai. The remaining members are present board appointees who’ve been re-elected for subsequent phrases. The board will serve a two-year time period, beginning subsequent Jan.