![]() IMC says their entertainment media holdings receive 350 million monthly unique visitors. Presumably, Toon Boom would fall into its entertainment holdings, which currently consists of websites like Fandom, Screen Junkies, Gamespot, and TV Guide. Learn at your own pace, test your skills, and earn badges. If you want to improve your skills on Toon Boom software, you can take courses on Harmony and Storyboard Pro for free. ![]() The company, which is backed by private equity firm TPG, invests across the digital media landscape and has three verticals: soccer, e-commerce enablement, and entertainment. Toon Booms software is used by industry leading 2D animation studios and freelancers to create award winning feature films and TV series. IMC’s website does not indicate they have any other animation-specific holdings.We are excited to collaborate with the team at Toon Boom to expand their platform into new markets and to introduce ground-breaking products.” … Its exceptional tools are trusted by both large and small creative teams, as well as educational institutions shaping the next generation of talent. Yuning Zhang, who led the transaction for IMC, said in a statement: “Toon Boom empowers creators of all types to bring their stories to life through a versatile platform that offers powerful storyboarding, extensive animation capabilities, and tools for streamlining the production process.Corus purchased a 50% interest in Toon Boom in 2004, and acquired the remaining portion of the company in 2012. This move will free up capital, increase Corus’ financial flexibility, and sharpen our focus as we advance our strategic plan and priorities.” ![]() After an enterprise-wide review of our operating model and asset base, we have decided to exit the animation software business. Colin Bohm, EVP of content and corporate strategy at Corus Entertainment explained further, “Corus is building a powerful multiplatform business aggregating premium video content. Nelvana’s parent company Corus expects to net $142 million CAD from the deal, which it will use to repay debt.The deal is expected to close in calendar 2023. ![]()
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