Algorithm Investments bought 6% of animation content producer Magic Factory Animation. This studio was one of the first to use real-time rendering technology in the Unreal Engine game engine in production.
Algorithm Investments became the owner of a 6% stake in animated content producer Magic Factory Animation. A company representative told RB.RU about this. The amount of the investment is not disclosed.
Magic Factory Animation was one of the first in the world to use real-time rendering technology using the Unreal Engine game engine, the company said in a statement.
In 2020-2022, the studio, together with Soyuzmultfilm, released the animated series The Mystery of the Honey Valley and the cartoon Chink: Tailed Detective. At the moment, the company is working on the creation of the animated film “Water Formula”.
Magic Factory Animation was founded in 2019. The General Director of the company is Sergey Demchev. Investment Algorithm was founded by businessman Andrey Denisenkov.
Author:
Kirill Bilyk
Source: RB
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