streaming giant netflix inc nflx unveiled plans to acquire australiabased animal logic an animation studio that has worked on hollywood blockbusters from happy feet to the lego movies what happened netflix which has produced several animated titles including oscarnominated films over the moon and klaus said the acquisition would accelerate its efforts to build endtoend animation production capabilities netflix has been investing in animation over the past few years and this furthers our commitment to building a worldclass animation studio amy reinhard netflix vice president of studio operations said in a statement see also netflix continues crusade against password sharing announces new test feature in 5 latin american countries netflix and animal logic did not elaborate more on the buyout details however the company said the acquisition is subjected to regulatory approvals and is expected to close later this year the announcement from netflix came ahead of its quarterly earnings report meanwhile the company said it lost 970000 subscribers in the second quarter less than half of what wall street feared this was a better quarter for the company that lost more than a million customers in the first half of 2022 – thanks to the new season of netflixs most popular englishlanguage series stranger things price action according to data from benzinga pro netflix has a 52week high of 70099 and a 52week low of 16271 the shares closed 561 higher at 20163 a piece on tuesday check out more of benzingas europe and asia coverage by following this link