Animation Studio Changes Moniker

RichCrest Animation, the U.S.-based production arm of CGI animation studio Crest Animation Studios, Ltd., is changing its name and expanding its business to become a full-service animation studio specializing in the development and production of CGI-animated properties for theatrical, television, home entertainment, and interactive distribution. The newly named Crest Animation Productions, Inc., appointed Noah Fogelson CEO to spearhead the expansion, leveraging a multimillion-dollar injection of funds from the D.E. Shaw group, a global investment firm with approximately $25 billion in aggregate investment capital.