Spain’s SETT Invests $7.3 Million in New Canary Islands Animation Company Amuse Labs

The public-private operation will support the creation, ownership and global exploitation of original children’s IP

By Emiliano de Pablos

Emiliano de Pablos

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Spain’s government is investing €6.4 million ($7.3 million) in newly established Canary Islands animation company Amuse Labs, accelerating the archipelago’s push to become a global base for children’s IP.

The deal, structured through state-backed technology investment vehicle SETT, brings together $15.1 million in public and private capital. SETT will hold a 48% stake, while Amuse Studios will become Amuse Labs’ second-largest shareholder.

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