German TV Loonland Acquires Sony Wonder
German animation production house and rights buyer, TV Loonland AG has acquired the television production and distribution activities of Sony Wonder, the childrens production arm of Sony Music Entertainment. The deal was worth US$20.5 million in cash and stocks. As part of the deal, TV Loonland also obtains animation studio Sunbow Entertainment, which Sony Wonder bought in 1998. Sony will retain North American home video rights and international audio rights to their catalog of programming, which includes CLIFFORD and GENERATION O!