Resolution for TeamTO’s Future

 

The future of the Paris-based animation studio TeamTO, which faced uncertainty after declaring insolvency last September, has been secured. On December 5, the Tribunal de Commerce de Paris (Commercial Court of Paris) approved a bid of 2.6 million euros (USD$2.7 million) from Riva Studios, an Italy-based company, to acquire TeamTO.

Preferred Buyer and New Leadership

 

Riva was the preferred buyer for TeamTO’s management over other bidders. The founders of Riva, Marco Balsamo and Tara Sibel Demren, will lead TeamTO alongside seasoned animation artist and director Jay Oliva.

Continuity and Advisory Roles

 

TeamTO, known for its work on City of Ghosts, PJ Masks, and Elena of Avalor, will maintain operations in Valence and Paris, keeping the majority of its staff. The company’s founders, Guillaume Hellouin and Corinne Kouper, will transition to roles as executive advisors and executive producers for current and future projects.

Current Projects and Ambitions

 

Ongoing projects at TeamTO include the development of the mature animated series Junichiro Jackson, with Balsamo and Oliva serving as showrunners, as well as Sony Picture Television’s preschool series The Creature Cases and TeamTO’s original series Angelo Rules.

Vision for the Future

 

“Under this new direction, we’re not just continuing the studio’s legacy — we’re building a stronger, more ambitious company that’s ready to elevate that standard and redefine what’s possible,” Balsamo stated. Riva has expressed intentions to restructure TeamTO into three divisions: a production company, a service studio, and an R&D technology company.

Excitement for New Opportunities

 

Oliva remarked, “Opportunities like this are rare, and I couldn’t be more excited to help lead TeamTO into a new era. In today’s evolving animation landscape, this is a golden opportunity to expand the studio into uncharted territories that will push creative boundaries through innovative visual styles and immersive stories that will inspire audiences around the world. I can’t wait for everyone to see what’s next!”

 

Person

Marco Balsamo, Tara Sibel Demren, Jay Oliva, Guillaume Hellouin, Corinne Kouper

Company Names

TeamTO, Riva Studios, Sony Picture Television

Titles

City of Ghosts, PJ Masks, Elena of Avalor, Junichiro Jackson, The Creature Cases, Angelo Rules

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis.