License Global is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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 | Feb 14, 2019

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.

Hide comments

Load More

Comments

Plain text