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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
1 Min Read
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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