Brown Bag pockets €1.1m profit and doubles staff
THE number of staff employed at award-winning animation studio Brown Bag Films almost doubled as the company confirmed its most successful year to date, enjoying pre-tax profits of €1.14m in 2012.
The creator of Disney series 'Doc McStuffins' returned to profit in 2012 after revenues across the group increased by 82pc to €17.5m.
Accounts just filed by Brown Bag Films show the firm swung to a pre-tax profit of €1.14m from a pre-tax loss of €748,807 in 2011.
The continuing expansion of the Dublin-based firm – which also operates an office in Los Angeles – saw the numbers it employed increasing 52pc to 113 last year.
The company is currently recruiting animation and production professionals, with a company spokeswoman confirming yesterday that the numbers employed by the group now total 140.
According to the directors' report "the directors are satisfied with the performance of the business given the level of investment during the year".
The company boasts that it is, "Europe's most exciting, original and successful creative-led animation studio" and millions of children across the world watch the studio's 'Octonauts', 'Doc McStuffins', 'Noddy in Toyland' and 'Olivia'.