Brown Bag founders share €40m in studio sale

22nd August, 2015
6
Brown Bag Films was founded by Darragh O'Connell, left, and Cathal Gaffney. It employs 160 people in Dublin. Picture: Tony O'Shea

Oscar-nominated animation company Brown Bag was sold for about €40 million, industry sources said, more than double what had been speculated.

The deal price in the acclaimed children’s animation maker’s sale to Canadian studio 9 Story was not disclosed, but the same sources said that a recent rise in revenues at the firm pushed up the company’s value to double the €18 million that had been estimated in some reports.

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