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TeamTO Names Riva Studios’ Marco Balsamo CEO Following Acquisition as Co-Founders Guillaume Hellouin and Corrine Kouper Exit Company (EXCLUSIVE)
The French animation studio behind 'Angelo Rules' and 'Jade Armor' will look different at the top post-acquisition, but retain 90% of its employees.
Co-founded by Balsamo and Tara Sibel Demren, Riva partnered with filmmaker Jay Oliva (“Batman: The Dark Knight Returns,” “Twilight of the Gods”) of Lex & Otis and investor Peter Bekkerman to form a new ownership group with the sole purpose of securing the studio’s long-term future. The studio is currently developing an ambitious slate that includes titles such as “Akira’s Flying Wheelchair,” “Junichiro Jackson,” “Yellow Cello and the Sea of Memories,” “The Adventures of Amir Hamza,” “Cradle: Unsouled,” “Era: The Legend of Lugh” and “Corvus Belli’s Infinity: Paradise Lost.” Balsamo and Demren, aware of TeamTO’s difficult financial situation last year, had been exploring ways to prevent the studio from insolvency since early June, actively working on potential solutions.
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