Has Moonbot Studios Been Sold?

It is being reported by multiple sources that Florida based company Magic Leap Inc has purchased Moonbot Studios. According to the website Cartoon Brew, the Shreveport Studio is being dissolved and many artist employed by Moonbot are either relocating to Florida or looking for work with other companies.

Moonbot Studios co-founder Brandon Oldenburg declined to comment on the possible sale, citing a non-disclosure agreement that prohibits him from discussing the business of Moonbot.

You can read the full story on Cartoon Brew here.