MUMBAI: Technopark based Toonz Animation India and Telegael Group based in Galway, Ireland have entered into a partnership agreement. Through the partnership, Toonz and Telegael will combine their resources to develop, co-produce and finance a slate of animation projects for global distribution.
Toonz and Telegael have previously worked together on Freefonix animation series for BBC, which has emerged as a cult show in the UK and is now being distributed internationally.
"Our fruitful partnership for the Freefonix project served as a prelude for this strategic alliance. We aim to mutually leverage our competencies in our core domains. To start off we are looking at the production of a slate of television series with a combined worth approaching $ 30 million," said Toonz Animation India CEO P Jayakumar.
"Telegael is delighted to partner with Toonz, one of the world’s leading animation studios which has a strong international client base. The animation industry now operates on a global model. This strategic collaboration will enable Toonz and Telegael to exploit obvious synergies which exist between our two companies and enable us to produce world-class animation content for a global audience," added Telegael Group CEO Paul Cummins.