Toonz Media Group Acquires a Majority Stake in Award Winning Production House Telegael
Toonz Media Group has acquired a majority stake in the large full-service Emmy winning production house Telegael, extending the group’s global entertainment footprint and adding important pre and post production facilities to its animation powerhouse, as well as a large live action studio to its entertainment business, hence enabling it to become a major 360 entertainment outfit.
The deal between India-based Toonz and Ireland’s Telegael brings many strategic synergies, making this a complementary venture for both companies. As part of this strategic venture, Toonz benefits from having an award-winning, successful and highly active pre and post-production studio, as well as a live action capacity amongst its business divisions.
Telegael now becomes part of one of Asia’s largest and most dynamic entertainment groups, with a 400-talent strong studio in India, producing around 10,000 minutes of 2D & 3D animation and visual effects annually and joins a dynamic group with full-scale financing, production, distribution and broadcast offices in 10 major countries around the globe.
In July 2018, Toonz announced the co-production of its new 52x12’ CGI comedy series Mondo Yan, partnering
with Telegael, Spanish broadcaster TV3 from Catalunya and Imira Entertainment. Telegael is handling part of the
pre-production and all post production of the series. Toonz-owned Imira Entertainment handles worldwide
distribution of the series.
Toonz Media Group, this year celebrating its 20th anniversary, will through this acquisition, increase its in-house development and IP Creation business with Telegael’s design and preproduction division, amounting to a significant increase in European production with global appeal and more titles added to Toonz’s slate, which is distributed globally by Toonz’s Imira.
Toonz Media Group CEO, Mr P. Jayakumar, commenting on the partnership said “The addition of proven pre-production and post-production facilities, together with existing distribution capabilities and our globally recognised production expertise delivers synergistic and customer benefits that exceed the sum of the parts. This new acquisition will enable Toonz to deliver world class end to end services to existing and future customers across the globe”
Established in 1988 and employing the services of up to 350 talent and entertainment professionals, including fulltime and contract, Telegael co-produces animated and live action content for a range of international partners and broadcasters. Its clients include some of the biggest names in global broadcasting including The Walt Disney Company, Netflix, Lionsgate, NBC Universal Sprout, BBC, Discovery, Cartoon Network, Nickelodeon, ARD and ZDF. Telegael has produced more than 1,000 hours of television, which have been distributed to over 150 territories and translated into over 50 languages.
Paul Cummins, CEO of Telegael adds “The Toonz deal provides Telegael with exciting opportunities to further grow our IP and service production by becoming part of a dynamic global entertainment group with involvement and expertise in 2D & 3D production, visual FX, global distribution, financing, gaming, licensing and merchandising. The deal offers substantial synergies and the opportunity to be part of a large vertically integrated global entertainment group.”
About Toonz Media Group
Founded in 1999 and celebrating its 20th Anniversary in 2019, Toonz Media Group and its flagship divisions encompass dedicated units with activity spanning IP creation, production, distribution & rights exploitation, digital & gaming content, licensing & merchandising, as well as training. Its production studio boasts an envious pedigree of successful coproduction partnerships with companies including Walt Disney, Turner, Nickelodeon, Sony, Universal, BBC, and Paramount as well as the creation of India's first 2D animated TV series, first 2D feature film, and first 3D stereoscopic theatrical release. In 2014, Toonz acquired Imira Entertainment, a leading Spanish production and global distribution company specializing in kids & youth programming. The Group’s later additions, Toonz New Zealand and Toonz Turkey, focus on production and distribution in the Australian and Middle Eastern markets respectively. The digital arm, Toonz Media Network, is primarily involved in Web TV for kids named ‘Chotoonz’ and several channels for different age groups. Malish TV, a kids TV channel for Russia and other CIS territories; and Clan, leading Spanish TV kids channel owned by RTVE, are two of the newest ventures from the Toonz slate. Toonz also functions in other platforms including ReachMe TV, Amazon Prime, Roku, and Dailymotion. Toonz Gaming, the latest business unit, is involved in developing world-class games for consumers across the world. Toonz Media Group is a part of the multi-billion-dollar Comcraft Group based out of Geneva, Switzerland. For more information on Toonz, please click here.
Established in 1988 Multi-Emmy Award-winning Telegael is one of Ireland’s leading film and animation studios producing animated and live action content for the international television market and for worldwide cinema release. Telegael has co-produced in excess of 1,000 hours of television programming, its projects have been distributed to over 150 countries and translated into more than 50 languages. Based in Galway, Telegael has coproduced TV series and feature films with partners in US, France, UK, Germany, Italy, Netherlands, Belgium, Spain, India, China, South Korea, Canada, Australia, Mexico and the Philippines. Broadcast partners include The Walt Disney Company, Netflix, Lionsgate, NBC Universal Sprout, BBC, Discovery, Cartoon Network, Nickelodeon, ZDF, Channel 5, KiKa, France Television, Hulu, SuperRTL, HBO, ABC Australia, RAI, ITV, RTE, TV3 and TG4. In 2007, Telegael led a consortium which acquired the former Roger Corman film studios in Galway. Telegal has also established a production studio in Northern Ireland. Recent co-productions include feature films Blinky Bill, Norm of the North, Captain Morten and the Spider Queen and Out of Innocence and TV series including Wissper, Llama Llama, Kulipari, YoYo, Drop Dead Weird and Jack Taylor. For more information on Telegael, please click here.