The French animation studio has been saved from bankruptcy; new execs include Marco Balsamo, Jay Oliva, and Tara Sibel Demren; founders Guillaume Hellouin and Corinne Kouper continue on as executive advisors and executive producers on current and upcoming projects.
December 6, 2024 By L'Wren Alexa
Following a bidding process, Italian-based RIVA Studios has acquired TeamTO, saving the French animation studio from bankruptcy. TeamTO’s new executive team includes Marco Balsamo, Jay Oliva, and Tara Sibel Demren. The acquisition was officially approved by the Tribunal de Commerce de Paris (Commercial Court of Paris) this week.
“TeamTO set a world-class standard for animation, and this is a pivotal moment for the studio,” shared Balsamo. “Under this new direction, we’re not just continuing the studio’s legacy – we’re building a stronger, more ambitious company that’s ready to elevate that standard and redefine what’s possible. With our team’s vast experience, passion, and bold vision for the future, we’re ready to break new ground and shape the future of the industry that we all love”.
Under this new leadership team, TeamTO will continue delivering its content, including Sony Pictures Television Kids’ The Creature Cases as well as Jade Armor and Angelo Rules. The team will also develop new original franchises, including: Junichiro Jackson, Akira’s Flying Wheelchair, Yellow Cello, Cradle: Unsouled, Era: The Legend Of Lugh, and Corvus Belli’s Infinity: Paradise Lost.
“Opportunities like this are rare and I couldn’t be more excited to help lead TeamTO into a new era,” added Oliva. “In today’s evolving animation landscape, this is a golden opportunity to expand the studio into uncharted territories that will push creative boundaries through innovative visual styles and immersive stories that will inspire audiences around the world. I can’t wait for everyone to see what’s next!”
The studio will continue operations in Valence and Paris, retaining the majority of its staff. TeamTO founders Guillaume Hellouin and Corinne Kouper will continue as executive advisors and executive producers on current and upcoming projects. They will work closely with the new leadership team to ensure seamless collaboration on all productions.
“We couldn’t be happier as we know this leadership team will honor our two decades of creative excellence with a visionary plan that will ensure TeamTO’s success for another 20 years and beyond,” said Hellouin.