Aardman Gives 75 Percent of Business to Employees

The owners of animation studio Aardman have given a 75 percent stake in their business to their 140 employees and freelancers to safeguard the company’s independence, according to The Guardian.
License Global

February 14, 2019

Aardman Gives 75 Percent of Business to Employees

Aardman is the studio behind “Wallace & Gromit,” “Shaun the Sheep” and “Morph.”

Founders Peter Lord and David Sproxton will retain one-quarter of parent group Aardman Holdings and will receive a multimillion-pound payout.

Employees will own their controlling stake in the company through a trust.

Employees who have worked for the company for at least three months are entitled to a bonus.

The deal gives employees the ability to have a say in the company's operations through a workers council. The new senior team will operate on a board of directors that will make decisions and oversee staff bonuses.

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