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May 26, 2022
Moonbug Entertainment announced the acquisition of One Animation, a Singapore-based media company and production studio. The company creates and produces the series “Oddbods,” a non-dialogue animated show for kids.
Moonbug will expand the distribution footprint and growth of the “Oddbods” brand into new formats, products and experiences.
“We continue on our strategy to find the best kids shows in the world and bring them into our portfolio,” says Renè Rechtman, co-founder and chief executive officer, Moonbug Entertainment. “One Animation’s creative storytelling and international appeal provide us with stronger credentials as we continue on our journey to be the leading digital-first kid’s entertainment company in the world.”
One Animation is the second acquisition Moonbug has made since becoming part of Candle Media. Moonbug has a hub in Singapore and is working with partners across the region on distribution, licensing and merchandising and live events.
“We are delighted to be part of the Moonbug family, which we see as the natural next step in growing our brands into global franchises,” says Sashim Parmanand, chief executive officer, One Animation. “Moonbug’s commitment to Singapore as its Asia hub will further bolster the industry and we look forward to collaborating with Moonbug on growth across the region.”
Post-acquisition, One Animation’s team will join Moonbug, but they will remain in Singapore and continue developing and producing the shows they are currently working on.
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