Riva Studios Buys Troubled French Studio TeamTO
Italy’s Riva Studios has received a “highly-competitive” public sale for TeamTO, saving the long-lasting French animation studio from chapter. The value was €2.6M ($2.7M) court docket filings have proven. The acquisition was permitted by the Tribunal de Commerce de Paris right this moment, with Riva’s government group Marco Balsamo, Jay Oliva, and Tara Sibel Demren (pictured) set to guide TeamTO going forwards. TeamTO had run into monetary issues earlier this yr 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 employees will probably be retained, with work persevering with on present and upcoming collection. The studio is understood for making originals comparable to Jade Armor and Angelo Guidelines, and for work on reveals comparable to 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 group 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. “Underneath this new path, we’re not simply persevering with the studio’s legacy, we’re constructing a stronger, extra bold firm that’s able to elevate that commonplace and redefine what’s potential,” added Riva’s Balsamo. French animation, usually touted as among the many most lauded globally, as been hit onerous in recent times, with the likes of TeamTO and Cyber Group Studios getting into administration because the powerful financial local weather pinches.
Acast Acquires Inventive Studio Surprise Media Community
Indie podcast group Acast has purchased Surprise Media Community (WMN), a full-service inventive studio to bolster its branded content material supply. WMN is a female-founded studio based mostly 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 group will mix with Acast’s current inventive group to type Acast Inventive Studios. This division will embody 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 Track Contest. France Télévisions’ boss Delphine Ernotte Cunci will stay as EBU President. Three new members joined the board: TV Monaco Director Normal Nathalie Biancolli, Roland Weissmann from ORF in Austria, and Simona Agnes, from Italy’s Rai. The remaining members are current board appointees who’ve been re-elected for subsequent phrases. The board will serve a two-year time period, beginning subsequent Jan.
