Netflix is acquiring Animal Logic, the Australian animation studio for an undisclosed price. The deal aims to support Netflix’s growing animated film slate, including Academy Award-nominated Over the Moon, Klaus and recently released The Sea Beast.
Completion of this transaction is subject to regulatory approvals and other customary closing conditions. Netflix said it hopes to close the transaction later this year.
The 30-year-old Animal Logic is headquartered in Sydney, with a second studio set up in Vancouver, Canada in 2015. The company has worked on Hollywood theatrical hits, including Happy Feet, Legend of the Guardians: The Owls of Ga’Hoole, the “Lego Movie” franchise and Peter Rabbit 1 & 2, in addition to a catalog of visual effects work for The Matrix, Moulin Rouge!, 300 and The Great Gatsby.
The announcement builds on the existing partnership between the two companies, with a full slate of films that include The Magician’s Elephant, directed by Wendy Rogers, and the recently announced The Shrinking of the Treehorns, directed by Ron Howard.
“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, VP of studio operations, at Netflix, said in a statement.
Led by CEO and co-founder Zareh Nalbandian, the Animal Logic teams and leadership will remain operating under the Animal Logic brand and will fulfill production of existing and ongoing commitments and continue to collaborate and work with longstanding studio partners.
“After 30 years of producing great work with great people, this is the perfect next chapter for Animal Logic,” said Nalbandian. “Our values and aspirations could not be more aligned with Netflix, in working with diverse content makers, producing innovative and engaging stories for audiences around the world. Our collective experience and talent will open new doors for all our teams and will empower a new level of creativity in animation.”
Netflix’s growing original slate of animated features and shorts also include Academy Award-nominated Robin, Robin, Kris Pearn’s The Willoughbys, Back to the Outback directed by Clare Knight, Apollo 10 ½: A Space Age Childhood from Richard Linklater, as well as upcoming releases, including Henry Selick’s , Nora Twomey’s , , and an Aardman sequel to . Recent animated film acquisitions by Netflix include the Academy Award-nominated The Mitchells vs. The Machines, Vivo!, Spongebob: Sponge on the Run and Wish Dragon.