Animation studio, awarded $23M in provincial funding, declares bankruptcy

A Toronto animation studio which was awarded $23 million in provincial funding has declared bankruptcy, leaving more than 500 employees out of work. In an email to staff on Monday, ARC Productions CEO Tom Murray said the company is experiencing “significant financial difficulties” and a “liquidity crisis” and hasn’t been able to resolve the matter … Continue reading Animation studio, awarded $23M in provincial funding, declares bankruptcy