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Nelvana Shuts Down After 50 Years Amid Financial Crisis

9/2/2025

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Summary

Story summary

Nelvana, a Canadian animation studio, closed on August 29, 2025, after over 50 years due to financial issues at Corus Entertainment.
The studio created influential shows such as Care Bears and the Star Wars animated series.
Economic challenges, including declining ad revenue, resulted in layoffs and project cancellations, signaling a significant shift in the animation industry.

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Story summary

Nelvana, a Canadian animation studio, closed on August 29, 2025, after over 50 years due to financial issues at Corus Entertainment.
The studio created influential shows such as Care Bears and the Star Wars animated series.
Economic challenges, including declining ad revenue, resulted in layoffs and project cancellations, signaling a significant shift in the animation industry.