October 4, 2022
Business News

New Netflix film helps Kilkenny animation studio to draw nice profit

Kilkenny-based animation studio Cartoon Saloon has announced a major boost in profits.

Cartoon Saloon Ltd posted a net profit of €1.18 million for 2020, up from €452,161 in 2019, with  its revenues already helped by its upcoming Netflix feature, My Father’s Dragon.

And the business continued to grow this year as it hired staff, with the company now employing 176 people, up from 142 people at the end of last year.

The value of services provided by Cartoon Saloon Ltd to connected firms totalled €9.2 million last year. The bulk of the work, at €5.82 million, relates to Cartoon Saloon’s work on My Father’s Dragon for Netflix.

The studio landed its fifth Oscar nomination this year for its hand-drawn film, Wolfwalkers, which is currently available on Apple+ TV. It got a further boost last month when WarnerMedia Kids & Family greenlit Silly Sundays for its new preschool schedules on HBO Max and Cartoon Network.

According to the accounts, accumulated profits totalled €3.43 million and its cash funds increased sharply to almost €2.6 million. The studio previously received Oscar nominations for Late AfternoonThe BreadwinnerSong of the Sea and The Secret of Kells.

Related Posts

  1. LISA DONALDS says:

    WHERE YOU SCAMMED OF YOUR COINS? CONTACT MORRIS GRAY FOR HELP!!!

    I invested a total of$95,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to$179, 000USD so I requested for a withdrawal which was declined before they shutdown their website, I complained to my colleague at work who directed me about this recovery expert, Mr. Morris Gray, that helped him, I contacted him immediately, what surprised me most, was that I recovered my money that same week. You can contact him on his email at { MorrisGray830 at Gmail Dot com } and he will assist you on the steps to recover your invested funds.
    Just trying to help those who where scammed just the way I was too.

Leave a Reply

Your email address will not be published. Required fields are marked *