Mediawan-owned ON Animation Studios, the Montreal-based banner whose credit embrace “Ladybug & Cat Noir: The Film,” “The Little Prince” and “Playmobil the Film,” has shut down, Selection has confirmed.
ON Animation Studios, which was launched by French producers Aton Soumache (“Little Nicholas”) and Dimitri Rassam (“The Rely of Monte Cristo”) in 2012, was acquired by Mediawan 5 years later. The corporate rapidly turned a key animation studio in Montreal and attracted proficient animators from abroad, boosted by a pipeline of tasks primarily based on famed IP’s such because the blockbuster “Ladybug & Cat Noir: The Film” which ranks as one of many most-watched French animated movies worldwide; and “The Little Prince,” which performed on the Cannes Movie Pageant and received a Cesar Award, in addition to nod from the British Academy Kids’s Awards.
ON Animation Studios was additionally one of many a number of corporations that was in a position to faucet into Quebec’s enticing tax rebate which turned the area right into a hotbed for animation and drew Hollywood and European productions. However that each one modified when Quebec’s conservative authorities restricted the province’s tax scheme with a 65% cap on eligible bills for worldwide movies which resulted in a 28% reduce in tax credit, as of Could 2024.
“Amid the modifications in our business, ON Animation Studios is ceasing its actions. It’s unhappy to say goodbye to a staff as unbelievable, proficient, and expert as ours. We are going to deeply miss the enjoyment and pleasure of making excellent movies alongside such exceptional folks and companions,” stated ON Animation in an announcement posted on its Linkedln web page.
“We’re grateful to have had the chance to do what we love for therefore a few years whereas remaining true to ourselves. The way in which we shared, discovered, and grew collectively, and the respect and care we confirmed each other, have been as important because the tales we advised and the values they embodied,” the corporate added.
Mediawan, in the meantime, advised Selection that the “firm will proceed growing and producing animated function tasks by means of its Paris-based outfit Mediawan Youngsters & Household and Miraculous Corp, and can collaborate with animation studios in numerous places, on a case-by-case foundation, relying on the supply of financing and expertise connected.” Miraculous Corp, is a recently-launched three way partnership between Mediawan and Zag, the animation studio behind “Miraculous” based by Jeremy Zag.
ON Animation’s folding is much from being an remoted case. Earlier this week, a large on the planet of VFX, Technicolor – which hires 1000’s of visible results staff in nations together with the U.S., UK, Canada and India — introduced it was shutting down. Technicolor encompasses VFX large MPC (“Mufasa,” “The Lion King”), industrial VFX model The Mill, Mikros Animation and Technicolor Video games.
