By Brent Lang Executive Editor of Film and Media Skydance Media has acquired the animation unit of Madrid-based Ilion Studios.
The new entity will be rechristened Skydance Animation Madrid. The companies had been working together for some time. The acquisition gives animation chief John Lasseter control over all aspects of production.
Skydance and Ilion, both of which are privately held, did not disclose a purchase price. The deal will give Skydance roughly 500 employees across two continents.
It comes as Lasseter is trying to transform the company into a major force in animation. That transformation has been bumpy, at times, primarily because Lasseter’s hire was controversial.
Read more on variety.com