The Verge reports: “Netflix plans to acquire the animation studio Animal Logic, which is known for making hits like Happy Feet and The Lego Movie, the streaming company announced on Tuesday alongside its Q2 2022 earnings. The two companies are already partnering on The Magician’s Elephant (set for a 2023 release) and Ron Howard’s first animated film, The Shrinking of Treehorn. The acquisition is expected to close this year, according to a press release.”

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