Todd Spangler NY Digital EditorCocomelon, the YouTube children’s animated nursery rhymes and songs channel that is the platform’s most-viewed channel with over 3.5 billion average monthly views, has been acquired by Moonbug Entertainment.Moonbug also said it acquired Blippi, a live-action educational show on YouTube that generates more than half a billion average monthly views that feature the eponymous character, created by Stevin John.
Terms of the deals were not disclosed.In addition, London-based Moonbug announced that it has raised $120 million in new financing, bringing it to $265 million to date.
The latest funding was led by Growth Equity, part of Goldman Sachs’ Merchant Banking Division, and Fertitta Capital. The Raine Group and.
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