Variety reports: “Oscar-nominated film and television studio XTR has acquired Late Night Labs, an AI film and animation studio that describes itself as artists-led. With the acquisition of Late Night Labs and its proprietary AI technology, XTR is launching and creating a holding company, Asteria Film Co., which will focus on producing animation, fiction and non-fiction film and television, as well as house XTR’s streaming platform and Fast channel Documentary+.”
