Moonbug Entertainment, a Candle Media company, announced the acquisition of One Animation, a Singapore-based media company and production studio. The company is best known for creating and producing the hugely popular, three-time Emmy nominated series Oddbods.
Moonbug will look to expand Oddbods’ global distribution footprint and grow the brand into new formats, products and experiences.
“We continue on our strategy to find the best kids shows in the world and bring them into our portfolio,” said Moonbug Entertainment co-founder and CEO Renè Rechtman. “One Animation’s creative storytelling and international appeal provide us with stronger credentials as we continue on our journey to be the leading digital-first kids’ entertainment company in the world.”
“One Animation is a fantastic addition, not only for its successful franchises, but also for its capabilities and scale, and the opportunity to further enhance a dynamic Singapore-based hub for Moonbug as a rapidly growing family entertainment powerhouse,” said Candle Media co-chairman and co-CEOs Kevin Mayer and Tom Staggs.
The acquisition of One Animation, the second acquisition Moonbug has made since becoming part of Candle Media, is the next step as Moonbug continues to expand globally as well as across Asia. Moonbug already has an established hub based in Singapore and is working with major partners across the region on both distribution, licensing and merchandising and live events.
“We are delighted to be part of the Moonbug family, which we see as the natural next step in growing our brands into global franchises,” said One Animation CEO Sashim Parmanand. “Moonbug’s commitment to Singapore as its Asia hub will further bolster the industry and we look forward to collaborating with Moonbug on growth across the region.”
Post-acquisition, One Animation’s team will join Moonbug, but they will remain in Singapore and continue developing and producing the shows they are currently working on.
