# An example we are on the RIGHT TRACK... | Pencilish Animation Studios presents...

- Canonical URL: https://wefunder.com/feed/150175
- Entity ID: wefunder:feed_item:150175
- Published at: 2021-11-05 17:41:01 UTC
- Updated at: 2025-07-09 03:21:07 UTC

## Author
Tom Bancroft

## Subject
Pencilish Animation Studios presents...

## Content
Huge news today- two former Disney executives have started an independent entertainment company and have just purchased MOONBUG , the company behind YOUTUBE animation sensation "Cocomelon" (which is also the longest running Top 10 show on Netflix, simultaneously!) for, wait for it.....$3 BILLION!   And-it all started on Youtube!  Read full article here: https://finance.yahoo.com/news/studio-behind-cocomelon-acquired-3-212759020.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKiKE3QO3eFd6JjN-eIP_NK9qt_8ajt-WpFbEVOy_4gv8PC3bObIOAGzIqrof_jWBxBWbrZjc2twuR_dwD1QD-Opi7Dljjyv4yXG8Jxvx6CsoDmFlPgUdvymlnMNJD5HHTaA62RFXTB7uKb4plmAQV82Fpz1gNH_YJybrIZXDz3PTo quote Mayer (one of the buyers), " Today the best intellectual property for kids is digital in origin-- it happens on YouTube.  We're trying to build a media company for the digital today."  Does all of this sound familiar?  Yep, this is our game plan also.  Create, strong, different, fun ORIGINAL IP and cultivate it where the world already is-- on YOUTUBE-- and expand from there!  This is only the beginning and we are thrilled you are along for the ride!  Viva la Animation!-Tom Bancroft, CEO