Squirrel Media introduced at this time (Thursday, April 13) that it has reached an settlement with Mondo TV S.p.A — one of many largest European producers and distributors of animated content material — by way of a binding letter of intent for the combination into Squirrel Media of Mondo TV Studios. The deal will see Squirrel Media buy 74.24% of Mondo TV Studios (MeteoHeroes, Nina & Olga, Bat Pat).
Squirrel Media is a communication expertise group chaired by Pablo Pereiro Lage, working globally throughout promoting, communication media, content material creation/distribution and expertise (TMT providers).
“The acquisition of Mondo TV Studios, with its animation studio and its catalog, is deeply worthwhile for our progress technique, since it’s going to imply including to the group one of many largest European producers and distributors of animation content material,” notes Pereiro Lage, president of Squirrel Media. “As well as, it’s going to consolidate our management within the creation and distribution of content material in Spanish, Portuguese and Italian.”
Below the phrases of the settlement, Mondo TV Studios would develop into a part of a number one Spanish group in expertise inside the media sector. The corporate would be a part of Squirrel Media’s content material enterprise phase, creating a brand new animation vertical to supply and distribute new IPs, and on the similar time supply animation providers as a recurring exercise engine, together with the distribution of animated content material. It could additionally develop and construct on synergies with the opposite enterprise models that make up the Squirrel Media Group.
Mondo TV Studios will retain its model id and full organizational construction, sustaining the administration crew led by CEO Maria Bonaria Fois together with the operational crew.
“The mixing of Mondo TV Studios into a bunch with exponential progress projections corresponding to Squirrel Media is an undoubted excessive level for our strategic progress plans. We’re grateful to Mondo TV Group for supporting us all through all these years and serving to us to achieve this stage in our improvement,” says Bonaria Fois. “We’re pleased with our achievements and searching ahead to a really shiny future. We are going to proceed to work exhausting on our conventional enterprise traces, exploring synergies with the opposite Squirrel Media firms, in addition to providing our much-admired worldwide animation providers and persevering with to develop IPs that add worth.”
Patricia Motilla, from the Andersen legislation agency, suggested on the IP and tax parts of the deal. Jaime Aguilar, additionally from the Andersen legislation agency, suggested on the company parts of the deal.
