The Muppets film, "Muppets from Space", released by Columbia Pictures in 1999. In 2000, Henson was sold to EM.TV & Merchandising AG for $680 million. However, EM.TV was plagued with financial problems and the Henson family re-acquired the company in 2003, with the exception of the rights to the "Sesame Street" characters, which had been sold by EM.TV to Sesame Workshop. Fourteen years after initial negotiations began, Disney acquired the Muppets intellectual property from the Jim Henson Company for $75 million on February 17, 2004. The acquisition consisted of the Muppets and "Bear in the Big Blue House" properties, as well as
The Muppets Studio group. That same year, Disney contracted with Puppet Heap to rebuild, maintain, and create puppet characters for the Muppets Studio. In April 2007, the Muppets Holding Company changed its name to The Muppets Studio under new leadership by Special Events Group SVP Lylle Breier. In 2008, The Muppets Studio began a licensing agreement with F.A.O. Schwarz, to create a Muppet-themed boutique where customers can design their own Muppet. In 2013, Disney Theatrical Productions revealed that a show based on The Muppets was in active development and that a 15-minute show had been conducted by Thomas Schumacher to see how the