The animation studio is expected to join Netflix by the end of the year.
Netflix announced plans to plans to acquire Animal Logic, the studio that worked on Happy Feet and The Lego Movie.
"We will be acquiring leading animation studio Animal Logic, with ~800 amazing people mostly in Sydney and Vancouver, which will help us accelerate the development of our animation production capabilities and reinforces our commitment to build a world-class animation studio," Netflix shared in its Q2 2022 shareholder letter.
The two companies also revealed they are working on The Magician’s Elephant (2023) and Ron Howard’s first animated film, The Shrinking of Treehorn. The company's press release states that the acquisition is expected to close this year.