Corus Entertainment acquires majority stake in Aircraft Pictures
Corus Entertainment Inc. bought a majority stake in the Oscar- and Emmy-nominated production company Limited aircraft photos, founded in 2005 by Canadian production team Anthony Leo and Andrew Rosen. The agreement marks a significant investment to support Aircraft Pictures and Corus’ growth ambitions in producing quality children’s and family entertainment for the global market.
“Bringing the creative capabilities and entrepreneurial talents of Aircraft Pictures into Corus’ orbit will help accelerate our strategy to expand our global content business,” commented Colin Bohm, executive vice president of content. and corporate strategy of Corus Entertainment. “We are thrilled to be in business with two of the industry’s most respected producers.”
Aircraft Pictures produced the Oscar-nominated animated feature The breadwinner in 2017; the Emmy-nominated live-action series holly hobby; the popular trilogy of family TV movies based on Gordon Korman’s “Bruno & Boots” novels, which first aired on YTV in 2017; and the recently announced anime series summer memories. The studio has a solid slate of family-friendly scripted projects that are ready to capitalize on market demand for the genre. Corus’ investment will strengthen Aircraft Pictures’ ability to develop, finance and produce premium content, with a focus on international co-productions.
“Andrew and I are truly fortunate to be working with exceptional creative talent, exceptional co-production partners and distributors, and world-class broadcast and streaming platforms,” said Anthony Leo, co-president of Aircraft Pictures. “As we plan to grow the business in new and exciting ways, the additional resources provided by this historic milestone will exponentially increase the value Aircraft Pictures can bring to our partners.”
“Having worked with Corus for many years, achieving tremendous success with the Bruno & Boots movies, we look forward to building this exciting partnership into a legacy of family content that resonates with audiences around the world,” added Aircraft Pictures Co-President Andrew Rosen.
This investment builds on Corus’ growing content business, with Aircraft Pictures joining studio Nelvana, publisher Kids Can Press and Corus Studios, each bringing best-in-class content to premier platforms. plan such as Nickelodeon, Discovery, the CW, Netflix, Hulu and Amazon.
Source: Corus Entertainment Inc.
Debbie Diamond Sarto is associate editor at Animation World Network.