Netflix to Acquire Animal Logic

Netflix Inc plans to acquire Animal Logic, a Sydney-based animation studio that has worked on hits ranging from "Happy Feet" to "The Lego Movies," the companies announced on Tuesday.

According to the statement, the move will accelerate Netflix's efforts to build end-to-end animation production capabilities. Several animated titles have been produced by the streaming service, including the Oscar-nominated films "Over the Moon" and "Klaus."

"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.

The deal, which is subject to regulatory approval, was announced just before Netflix's quarterly earnings report. Netflix expects the transaction to close later this year. The financial terms were not disclosed.
According to the statement, Animal Logic animators will form a global production studio with Netflix teams to work on some of the streaming service's most popular titles.

Animal Logic is headquartered in Sydney and has a second studio in Vancouver, led by CEO and co-founder Zareh Nalbandian. The current teams and leadership will remain in place and will continue to collaborate with other studios, according to the statement.