Indie British animation studio Factory Transmedia, which produced the animation for the first season of Nick Jr.s The Tiny Chef Show, is shutting down after being placed into a creditors voluntary liquidation. In the U.K., that means that the company is insolvent and no longer has the funds to pay its liabilities.
The Altrincham, U.K. company company cites challenging market conditions as the reason for shutting down:
Over the last 12 months the number of projects being green-lit by broadcasters around the world has been severely cut as the global economy and audience behaviors have changed markedly; these challenging market conditions were a significant factor in the insolvency of the business.
The 24-year-old studio had recently mad…
Read the full article at: https://www.cartoonbrew.com/studios/the-tiny-chef-show-stop-motion-studio-factory-transmedia-declares-bankruptcy-239567.html