According to a Netflix spokesperson, Animal Logic’s Vancouver operation employs around 350 people.
“Netflix has been investing in animation over the past few years and this furthers our commitment to building a world-class animation studio,” Amy Reinhard, Netflix vice-president of studio operations, said in a statement. “Animal Logic is a leading animation studio with innovative technology that will strengthen our existing business and increase our long-term capacity in the animation space, so that we can better entertain our members around the world.
The announcement builds on an existing partnership between the two companies, with a full slate of films across Animal Logic’s Sydney and Vancouver studios including The Magician’s Elephant, directed by Wendy Rogers, and the recently announced The Shrinking of the Treehorns, director Ron Howard’s first feature-length animated film.
“After 30 years of producing great work with great people, this is the perfect next chapter for Animal Logic,” said Animal Logic CEO and co-founder Zareh Nalbandian. “Our values and aspirations could not be more aligned with Netflix, in working with diverse content makers, producing innovative and engaging stories for audiences around the world. Our collective experience and talent will open new doors for all our teams and will empower a new level of creativity in animation.
No purchase price was disclosed and the statement from Netflix noted that the “completion of this transaction is subject to regulatory approvals and other customary closing conditions. We expect to close the transaction later this year.”