Moonbug Entertainment has swooped in to acquire One Animation, the Singapore-based media company and production studio responsible for Oddbods.
Moonbug will now look to expand Oddbods’ global distribution footprint and grow the brand into new formats, products and experiences.
“We continue on our strategy to find the best kids shows in the world and bring them into our portfolio,” said Renè Rechtman, co-founder and ceo of Moonbug Entertainment. “One Animation’s creative storytelling and international appeal provide us with even stronger credentials as we continue on our journey to be the leading digital-first kids’ entertainment company in the world.”
The acquisition of One Animation – the second acquisition Moonbug has made since becoming part of Candle Media – is the next step as Moonbug continues to expand globally, as well as across Asia. The company already has an established hub based in Singapore and is working with major partners across the region on distribution, licensing and merchandising and live events.
Sashim Parmanand, ceo of One Animation, commented: “We are delighted to be part of the Moonbug family which we see as the natural next step in growing our brands into global franchises.
“Moonbug’s commitment to Singapore as its Asia hub will further bolster the industry and we look forward to collaborating with Moonbug on growth across the region.”
Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter and @licensing_source on Instagram.
