Squirrel Media has announced it has reached an agreement with Mondo TV – a European producer and distributor of animated content – through a binding letter of intent for the integration of Mondo TV Studios into Squirrel Media. 

Squirrel Media works globally across four main business areas: advertising, communication media, content (creation and distribution of all types of audiovisual content) and technology (TMT services). 

Under the terms of the agreement, Mondo TV Studios would become part of a Spanish group in technology within the media sector. The company would join Squirrel Media’s content business segment, creating a new animation vertical to produce and distribute new IPs and at the same time offer animation services as a recurring activity engine, along with the distribution of animated content. It would also develop and build on synergies with the other business units that make up the Squirrel Media Group.