Film Roman board OKs Pentamedia stake hike

HOLLYWOOD — Film Roman shareholders have approved the $15 million acquisition of a 60% stake in the film and TV animator by Indian animation group Pentamedia.

Also at an annual meeting Monday, shareholders voted to return company founder Phil Roman to a seat on the North Hollywood, Calif.-based company’s board. Roman, who ankled the company a couple of years ago to start an animation boutique, was among directors approved by shareholders.

The $15 million Pentamedia deal was approved by an “overwhelming majority” of shareholders, Film Roman said. The acquisition is expected to close within a few weeks, officials said.

Pentamedia hopes to foster aggressive new growth at Film Roman and has pledged to triple the U.S. company’s annual revenue, which last year totaled $44.6 million. Mostly known for TV animation including work on the long-running Fox series “The Simpsons,” Film Roman lately has gotten more active in film projects.

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