The New York Stock Exchange has issued a news release announcing the agreement to acquire Imagination, which produces animated television shows, video games, and comic books.
The deal will be valued at $1.8 billion to be distributed among Imagination’s five studios, which are: Cartoon Network, Paramount Pictures, Disney Television Animation, Warner Bros. Television Animation and Warner Bros.’ home video business, Warner Home Video.
The companies will also create a new division of Imagination in the United States called Imagination Global.
The deal was negotiated by CEO Brian T. Grazer and senior management, including Chairman and CEO David Grazerski.
Imagination was founded in 2001 and produces animated and interactive TV shows for the major networks including Cartoon Network and Paramount.
It produces games, films, toys, and comics for the company’s video game studio, Warner Brothers.
In 2013, Imagination began producing films in the U.S. and worldwide.
The new company will work closely with Cartoon Network to bring the cartoons and video games it produces to the widest possible audience, with new content added regularly.
Grazersky said that Imagination is “uniquely positioned” to deliver the entertainment brands it has been producing, including Cartoon and Warner Brothers, “in a way that has never been done before.”
He said the new division will work with Cartoon and other brands, including Disney, on creating new animated content.
He said the animation studio has also created original content for the entertainment businesses.
Grafting in the next generation of entertainment was a priority for Imagination as it continues to explore new business opportunities, including developing a digital entertainment company that will leverage its experience and knowledge in digital entertainment and video production to create content that consumers want to see and experience.
The company’s latest animated series, “King of the Hill,” debuted on Cartoon Network in 2013.
The series follows a group of kids who become superheroes and then a villain, who have to solve the mystery of a series of disappearances of young children.
The animated series also starred the voice cast of Adam Sandler, Adam Sandoval, Paul Rudd, Chris Pratt, James Franco, and Seth Rogen.
In addition to the new company, Imaginations will have new partners with the potential to create the most popular shows in its portfolio.
In the past year, the company has worked with Warner Bros., DreamWorks Animation, Paramount, Sony Pictures Television, Warner Animation, and Universal Pictures Television to produce content.
Imaginations is also working with Disney, Lucasfilm, and Sony Pictures to produce movies and television programs, as well as producing games and movies for digital distribution.
In the U., Imagination has acquired Warner Bros.: DreamWorks; Warner Animation: Warner Bros.; Sony Pictures: Sony Pictures Entertainment; DreamWorks Entertainment: DreamWorks Pictures; Paramount Pictures: Paramount Pictures Entertainment, Warner Horizon: Warner Horizon, and Warner Home Entertainment: Warner Home.
Imagisions will also acquire Warner Bros: Walt Disney Studios, DreamWorks, Dreamworks Animation, Dreamstime, and Lucasfilm.