French animation house Ellipsanime has acquired the assets of rival Moonscoop, which was in administration, for a reported €600,000 (US$819,500).
According to local French reports, Ellipsanime won an auction to acquire Moonscoop SA’s library and production assets when the offer was accepted by the Commercial Court of Paris.
Others, including Millimages and investment house Capucine, were said to have bid at significantly lower rates of around €250,000.
Ellipsanime, which produces toons such as Garfield and The Magic Roundabout, will only keep a handful of Moonscoop’s 25 staff but takes on more than 1,000 new hours as a result of the deal, it was reported.
Ellipsanime is part of the Dargaud Media group.