Riva Studios Acquires TeamTO

The Commercial Court of Paris has officially approved RIVA Studios’ acquisition of TeamTO.

Following a highly competitive bidding process, the Italian-based RIVA Studios has saved the French animation studio from bankruptcy. The studio will continue operating from Valence and Paris, retaining the majority of its staff. The new executive team is led by Marco Balsamo, Jay Oliva and Tara Sibel Demren.

TeamTO founders Guillaume Hellouin and Corinne Kouper will continue as executive advisors while also serving as executive producers on current and upcoming projects. They will work closely with the new leadership team to ensure seamless collaboration on all productions.

Balsamo said: “TeamTO set a world-class standard for animation, and this is a pivotal moment for the studio. 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. With our team’s vast experience, passion, and bold vision for the future, we’re ready to break new ground and shape the future of the industry that we all love.”

Oliva added: “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!”

Hellouin commented: “We couldn’t be happier as we know this leadership team will honor our two decades of creative excellence with a visionary plan that will ensure TeamTO’s success for another twenty years and beyond.”