Fred Seibert's Frederator Networks has been acquired by 'Escape From Planet Earth' studio Rainmaker Entertainment to create a kids and animation powerhouse.
The New York-based digital animation studio, which has produced series for Nickelodeon and Cartoon Network, has been acquired by Canadian animation studio Rainmaker Entertainment to create WOW! Unlimited Media. ...
The deal aims at combining Frederator's digital animation networks, including the Channel Frederator multichannel network on YouTube, with Rainmaker's Vancouver-based animation studio to create and distribute kids and animation content across all media platforms. ...
We're in the age of consolidation. Big deals, little deals, doesn't matter. The Sherman Act is dead and buried, and entertainment companies are clawing for leverage, power and a larger share of show biz dollars.
The most direct way to get there is for corporations to buy each other, so they do. Hell of a lot easier than growing a business all by your lonesome.
H/t TAG President Laura Hohman.
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