French indie animation powerhouse TeamTO, which announced insolvency in September, has accepted an acquisition bid from Milan-based Riva Studios, which is subject to approval from the Tribunal Commerce de Paris. A hearing was planned for today but has been postponed until Nov. 20.
TeamTO is the production company behind the Children’s & Family Emmy-winning Netflix series “City of Ghosts” and other standout kids’ programming, including “PJ Masks” and “Elena of Avalor,” among others.
Riva and TeamTO have been collaborating on the adult animated series “Junichiro Jackson” for a year, and according to TeamTo President Guillaume Hellouin, “We started discussing a potential investment [by Riva] in the studio five
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