Rodeo FX, whose credits include “Game of Thrones,” “Dune,” “Dune: Part Two” and the “Fantastic Beasts” movies, has acquired Mikros Animation, the studio behind “Teenage Mutant Ninja Turtles: Mutant Mayhem,” “Orion and the Dark” and “Paw Patrol: The Mighty Movie.” Mikros was part of Technicolor, which closed its doors last month.

According to the official release, the acquisition includes “all of Mikros Animation’s operations, as well as Technicolor Canada’s equipment, as the studio’s activities are continuing uninterrupted following the recent shutdown of other entities of the Technicolor group.” When asked how many of the impacted employees would be brought over to Rodeo FX, the indication was a “vast majority” would be carried over.

“This is a deeply meaningful moment for me and for all of us at Rodeo FX,” said founder and CEO Sebastien Moreau. “Welcoming Mikros Animation into our creative family isn’t just about growth,...