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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.

Michael Wright, head of MGM+, and Todd Komarnicki, showrunner and executive producer of “Earth Abides,” talked with Señal News ahead of the market, where the company will present the series.

Prolific writer Sheri Holman penning the pilot script and attached as showrunner and EP. Daniel March and Carrie Stein will produce for Dynamic.

Penelope is written and created by Mark Duplass ("The Morning Show", "The One I Love", "Tully") and Mel Eslyn (Biosphere, Room 104). Duplass and Eslyn executive produce alongside Jay Duplass ("Industry", "The Chair") and Shuli Harel of Duplass Brothers Productions. Eslyn also directs and serves as showrunner. Fremantle is handling global distribution.

It´s the spin-off of "The Librarians" series. The title is produced by Electric Entertainment. Dean Devlin serves as showrunner and executive producer alongside Marc Roskin and Rachel Olschan-Wilson.