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The company presented its Q3 2024 financial results, showing varied performance across business segments amid continued challenges in the media industry.

As legacy and tech Hollywood players reported earnings on October 31, Parrot Analytics reviewed which success metrics will drive growth, and who can meaningfully challenge Netflix in the long run.

This alliance unites the creative talents of Mexican independent animation studio Lunch Films and Munich-based Studio 100 International, a leading independent studio renowned for children’s and family entertainment. 

This proposed sale follows TeamTO’s announcement of insolvency in September, attributed to unforeseen market challenges in the animation industry over the past two years. TeamTO is currently co-developing and co-producing Junichiro Jackson, an adult animated series, with RIVA Studios and Lex and Otis Studios with Balsamo and Oliva as showrunners.

A recent research by Parrot Analytics analyzed the streamers’ performance and upcoming challenges.