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
Marco Balsamo
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
