17 OCT 2024

Digitoonz Media & Entertainment expands to Europe with a new Madrid office

Digitoonz is entering the European market with a 360º business model, focusing on original IPs, co-productions, and animation services under Maria Bonaria Fois' leadership.

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Digitoonz Media & Entertainment, a global animation studio based in India and with offices in the U.S., is proud to announce the opening of its new European office in Madrid, Spain. Maria Bonaria Fois, who brings over 25 years of experience in the industry, will lead as President the Spanish office. This strategic expansion aims to position Digitoonz as a stronger player in the global animation industry while continuing to deliver world-class, high-quality content that meets the highest standards of animation.

In her new role as President of Digitoonz Media & Entertainment Spain, Fois will lead the company’s expansion in Europe with a strong focus on developing original IPs, pursuing co-productions, and acquiring content for distribution to build an extensive catalog of animated content. Additionally, she will continue to strengthen the company’s 2D and 3D animation, VFX, and video game services, with the goal of positioning Digitoonz in the European entertainment industry, embracing a 360º business model that includes the production of animated and live-action series and feature films, distribution, service offerings, licensing, and merchandising.

Vikas Kumar, CEO and founder of Digitoonz, stated: "Opening an office in Madrid aligns with our long-term vision for growth and innovation in the animation industry, given Spain's emergence as a hub for high-quality content production and its booming audiovisual sector." He added, "We are thrilled to have Maria on board, given her extensive experience and leadership in the field. Her expertise will be critical as we seek to expand our reach, collaborate with local talent, and deliver world-class content to audiences around the world. This expansion into Madrid represents not just a new chapter for Digitoonz but also a commitment to contributing to and benefiting from the flourishing audiovisual landscape in Spain."

Maria Bonaria brings with her 30 years of experience in the entertainment landscape, with 25 dedicated to the animation industry. She has held key leadership roles at companies like BRB International and Mondo TV Studios, where she served as CEO for the past 16 years. Her leadership will be key as Digitoonz strengthens its presence in Europe and builds a robust slate of animated content.

Bonaria is already actively pursuing new projects, including co-productions and content acquisitions. "The opportunity to lead the company’s expansion into Europe, starting with our new office in Madrid, fills me with enthusiasm for the future," she said. "By choosing Madrid as our European office, we are positioning Digitoonz at the heart of one of Europe's most promising animation markets. Madrid offers a unique blend of cultural diversity, creativity, and strategic support that aligns perfectly with our goals. This new stage is filled with opportunities, and I look forward to working closely with our team to make this journey a success.”

To set up the Madrid office, Digitoonz counted on the support of Invest in Madrid, the investment promotion agency for the Community of Madrid, dedicated to attracting and supporting foreign direct investment in the region. The guidance of Invest in Madrid has provided Digitoonz with valuable resources to ensure a smooth and successful entry into the European market. In the words of Luis Socías, General Director of Invest in Madrid: "Digitoonz’s decision to invest in the Community of Madrid highlights the crucial role that foreign investment plays in economic growth and in the development of ecosystems for innovation and talent. The audiovisual sector, in particular, is one of the industries we are promoting, and it not only enriches our cultural landscape but also represents a high value-added industry. We are delighted to have contributed to their decision to establish themselves in the Community of Madrid, and we look forward to continuing our collaboration to help them grow and thrive in our region."

Supporting Maria Bonaria in this new venture are key team members, including Emanuela Marrocu as Marketing and Communication Manager, Piergiacomo Pollonio, founder of S106 Consulting, as Consulting CFO, and the law firm Auren Legal, which will offer legal support.

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