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France’s TeamTO Sold At Auction; Acast Acquires Wonder Media Network; EBU Board Elected — Global Briefs
Italy's Riva Studios has won a "highly-competitive" auction for TeamTO, saving the iconic French animation studio from bankruptcy.
French animation, often touted as among the most lauded globally, as been hit hard in recent years, with the likes of TeamTO and Cyber Group Studios entering administration as the tough economic climate pinches. WMN is a female-founded studio based in New York City founded 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. “This acquisition significantly expands our US operations with the introduction of a highly experienced content studio — in both original and branded, empowering advertisers to create even more impactful campaigns across audio and beyond,” said Acast CEO Ross Adams.
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