Alex Ramirez Animation

Alex Ramirez Animation  is an American traditional/computer animation film studio based in TBA. Founded in 1990 by Alex Ramirez, the studio develops and produces animated films, TV shows, and short films and is best known for the animated films. The studio's next film is Pucca: The Movie on August 25, 2023.

History
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Current Era (2018-present)
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The company started to decline in it's recent years due to the box office failures of many films under their banner and filed for Chapter 11 bankruptcy at one point in 2019 due to poor box office for their recent films. A main factor of the companies decline came from the poor box office reception from their films throughout 2015 to 2018. During 2019, there were rumors of WarnerMedia interested in buying Alex Ramirez Animation with Ramirez himself working for the studio still. Despite the success of Jack and Jim’s Big Adventure, the studio still suffered a $100 million loss from the poor home media sales of their recent films. On June 9, 2020, it was announced that the studio took a $300 million write down due to the impact of the COVID-19 pandemic as well as from pushing back Jack and Jim's Spy Adventure.

The studio's next film, Jack and Jim Presents: Billy and Max was released on January 20, 2023 to negative reviews and became a huge box office bomb where it was pulled from theaters quickly. The film is expected to lose $90 million for Ramirez.

Attempted sale efforts
Deadline Hollywood reported on February 16, 2023 that ARA had entered talks with private equity firm Colony Capital for the possible sale of its assets due to the financial shortcomings of ARA's recent releases. Other persons and companies that had expressed interest in acquiring ARA included rapper Jay-Z, Yucaipa Companies, Paramount Global, Lionsgate, Metro-Goldwyn-Mayer, Legendary Entertainment, Killer Content, Shamrock Holdings, Netflix, Vine Alternative Investments, STX Entertainment, Comcast, beIN Media Group (the current owner of Miramax), Sony Pictures Television, Laturn Entertainment, rapper Jay-Z, The Walt Disney Company, Warner Bros. Discovery, Skydance Media, and Miramax Films.

Feature Films
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