MWM, the diversified entertainment and media company formerly known as Madison Wells Media, announced today that they have become founding investors in and partners with Wonderstorm, a newly-formed “story and play” studio that focuses on television animation and video game production.
Founded in 2016 by former creative leaders from Riot Games, Aaron Ehasz, Justin Richmond, and Justin Santistevan, Wonderstorm’s mission is to “build lasting franchises by combining world-class storytelling and deep, engaging gameplay.” The studio has been quick to act on that mission and is already in partnership with Netflix to create and produce a Netflix Original animated series, which will debut in late 2018.
Going forth from the investment, MWM will executive produce television and gaming projects on Wonderstorm’s development slate while partnering with Wonderstorm to develop and produce content in other mediums derived from the slate, such as film, live events, and immersive formats including both AR and VR.
“The Wonderstorm team is exceptionally talented at franchise building and creating outstanding animated TV and interactive content,” said MWM co-founders Gigi Pritzker and Clint Kisker. “We believe in them and are excited to help them launch this new chapter.”
Prior to co-founding Wonderstorm, Aaron Ehasz was the Creative Director of Riot Games, which has been responsible for developing some of the most popular video games in the world including, League of Legends, a game with such a large following that its competitions have sold out stadiums. Ehasz also served as co-executive producer and writing showrunner of the critically acclaimed animated series, “Avatar: The Last Airbender,“ where he earned a Peabody and an Emmy-nomination for his outstanding production and writing.
“We feel lucky to have MWM as our founding investor,” said Ehasz, who also serves as CEO of Wonderstorm. “We’re inspired and energized by their forward-thinking vision in media, and their empowering approach to partnership.”
The transaction was negotiated for MWM by Steve Tsoneff, MWM’s General Counsel and Head of Business Affairs, and Rob Ogden, MWM’s EVP Strategic Planning and Corporate Development, with assistance from Latham & Watkins, and for Wonderstorm by Justin Santistevan with assistance from Greenberg Glusker.