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Yes, today's biggest news is that Netflix is now planning to buy animation studio Animal Logic in an all-cash deal.
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You must have heard the name of the animation studio that made Happy Feet and The Lego Movie.
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For your information, let us tell you that there are 800 employees in Animal Logic, and most of them are from Sydney and Vancouver.
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Netflix has so far talked about buying Animal Logic but has not disclosed its price.
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But it is heard that Netflix will deal in cash to acquire Animal Logic.
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"Together, we will form an animation studio that will produce some of our greatest animated feature films," Netflix said in a shareholder letter.
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Let us tell you that Animal Logic Studio was established in 1991 and its main film is The Lego Film.
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Not only this, but Animal Logic Studio has also created visual effects for many big movies like "The Matrix," "300" etc.
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Netflix had been planning to acquire Animal Logic since May, which now seems to be coming to fruition.
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Image Credit: Google