Following a highly-competitive bidding process, Italian-based RIVA Studios has emerged victorious in acquiring TeamTO, saving the beloved French animation studio from bankruptcy. With a dynamic new executive team led by Marco Balsamo, Jay Oliva, and Tara Sibel Demren, RIVA’s ambitious and visionary plan will take TeamTO toward a brighter future as the studio approaches their 20th anniversary in 2025. The acquisition was officially approved by the Tribunal de Commerce de Paris (Commercial Court … [Read more...] about RIVA Studios Acquires TeamTO
Guillaume Hellouin
Marco Balsamo of RIVA Studios Makes a Bid for Iconic French Studio TeamTO
TeamTO has announced a potential acquisition by Italian-based RIVA Studios, subject to approval from the Tribunal de Commerce de Paris (Commercial Court of Paris) on October 30. This proposed sale follows TeamTO’s announcement of insolvency in September, attributed to unforeseen market challenges in the animation industry over the past two years. TeamTO first initiated discussions with RIVA Studios co-founders Marco Balsamo and Tara Demren five months ago, exploring collaborative opportunities … [Read more...] about Marco Balsamo of RIVA Studios Makes a Bid for Iconic French Studio TeamTO
TeamTO moves to cutting-edge new studio in Paris
Leading creator of kids entertainment TeamTO – known as much for the quality of their animation as for their commitment to social and environmental issues - has announced the opening of its revolutionary new, cutting-edge studio in Paris. Located in the Bastille neighbourhood, the studio will feature a host of energy saving and green protocols, significantly reducing its carbon footprint and making it one of the most energy-efficient studios in France. The innovative methods developed … [Read more...] about TeamTO moves to cutting-edge new studio in Paris
