Squirrel Media Buying Majority Stake in Mondo TV Studios

Squirrel Media has reached an agreement with Mondo TV S.p.A. for a 74.24 percent interest in Mondo TV Studios.

Under the terms of the agreement, Mondo TV Studios would become part of the Spanish group, joining Squirrel Media’s content business segment, creating a new animation vertical to produce and distribute new IPs and offer animation services as a recurring activity engine, along with the distribution of animated content.

Mondo TV Studios will retain its brand identity and entire organizational structure, including the management team led by CEO Maria Bonaria Fois, along with the operational team.

“The acquisition of Mondo TV Studios, with its animation studio and its catalog, is deeply valuable for our growth strategy since it will mean adding to the group one of the largest European producers and distributors of animation content,” said Pablo Pereiro Lage, president of Squirrel Media. “In addition, it will consolidate our leadership in the creation and distribution of content in Spanish, Portuguese and Italian.”

Maria Bonaria Fois, CEO of Mondo TV Studios, added, “The integration of Mondo TV Studios into a group with exponential growth projections such as Squirrel Media is an undoubted high point for our strategic growth plans. We are grateful to Mondo TV Group for supporting us throughout all these years and helping us to reach this stage in our development. We are proud of our achievements and looking forward to a very bright future. We will continue to work hard on our traditional business lines, exploring synergies with the other Squirrel Media companies, as well as offering our much-admired international animation services and continuing to develop IPs that add value.”