Animation studio behind ‘Klaus’ raises £6m to open UK originals unit
Posted on January 8, 2021 by Alistair Hardaker
Animation studio Snipple, which boasts a portfolio of popular cartoons, has secured £6m to support its plans to develop its own IP and content.
Under the leadership of London based CEO Kaine Pate, Snipple Animation has worked with some of the biggest broadcast networks globally, including Netflix, Warner Bros, Disney, Dreamworks and Nickelodeon.
Its portfolio of animation work includes titles such as Where’s Waldo, Dora And Friends, Animaniacs, and Phineas and Ferb, More recently the firm was involved in the creation of Netflix feature film Klaus.
A London-based Snipple Originals studio is now open for business and will present its first content slate of five shows to potential broadcasters, streamers and IP partners in 2021.
Snipple Group CEO, Kaine Patel, said: “It is fantastic to be bringing on BGF at this pivotal moment in Snipple’s history, to support the business as we enter the next phase of our growth. It has been a dream for me to expand Snipple into the world of original content. It’s the perfect expression of our creativity and heritage as a studio.
“Snipple has established itself as a trusted production partner to the world’s most powerful studios. Now, with the launch of Originals, and backed by BGF, Snipple is set to become the source of new, exciting animated content to those same studios; entertaining kids, families and adults around the world.”
Investor BGF will take a minority share in the firm.
Tom McDonnell, investor at BGF, added: “As a rapidly growing, innovative and dynamic animation production business, Snipple Animations is well-placed to capitalise on significant and increasing demand for new content from the likes of Netflix, Disney and Amazon.
“We’re thrilled to be investing in the business and have been particularly impressed by the strength of the management team and the creative calibre of its new hires. This represents an exciting opportunity to invest in exciting talent that is competing on the world stage.”