What Morgana Studios does

Morgana Studios (legal entity MORGANA VFX & MOTION S.L., headquartered in Madrid, Spain) is a boutique creative studio that delivers end-to-end animation, visual effects, motion graphics, and post-production services for feature films, docuseries, and commercial campaigns. Its services span concept art, 3D animation, VFX, color grading, and brand integration, and it is technically differentiated by 3D pipelines using Cinema 4D with Redshift rendering. Studio deliverables include full animation on Capitán Avispa (Juan Luis Guerra's first Dominican animated feature, premiered June 2024), VFX on the sci-fi feature Aire: Just Breathe (August 2024), and commercial work for clients including Telefónica, Nike, Bridgestone's Olympic Channel series Olympic Outposts, Foreo, Magic Eden/Yuga Labs, KPMG, and History Channel/AMC Networks.

Beyond services, Morgana develops and owns original intellectual property with Web3-native infrastructure: the YugiBao collection of 1,600 handcrafted 3D NFT characters (sold out in 4 hours in 2023) anchors the BaoVerse multiplatform narrative universe, with co-development agreements for gaming, animated series, publishing, and consumer products. The studio also operates sub-brands Los Flurps, Zlice, and Sharon targeting social-media and kids audiences. Revenue is generated through three streams — professional services for film and brand clients, original IP licensing and royalties, and Web3 digital collection sales — with pricing on a per-project quoted basis. Distribution flows through direct enterprise sales, co-production partnerships with Digitoonz Spain (YugiBao), ReachStar and ReDefine/DNEG (Diamante animated feature), and Web3 NFT marketplaces. The company is privately held, founder-owned, and led by CEO Miguel Cabañas, CCO/co-founder Claudio Lluberes, and COO Jaime Cano, with no disclosed external funding.

Name

Morgana Studios

Legal name

MORGANA VFX & MOTION S.L.

Website

https://morganastudios.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Morgana Studios is a Madrid-based boutique creative studio delivering VFX, 3D animation, motion graphics, and post-production for film studios, broadcasters, and global brands, while developing original Web3-integrated IPs such as YugiBao for multiplatform licensing.

Ownership category

akta.pro rank

Product category

Animation and Visual Effects Services

NAICS

Motion Picture and Video Production (51211), Motion Picture and Video Production (512110), Postproduction Services and Other Motion Picture and Video Industries (51219), Advertising Agencies (541810)

SIC

Services-Motion Picture & Video Tape Production (7812)

akta.pro primary industry

Content Production (Video, Design, Copy, Studio) (BPAFAAAF)

akta.pro secondary industry

Outsourcing Studios (Art/Animation/Audio/Engineering Support) (MPAFAAAN)

Keywords

• 3D animation services
• Visual effects production
• Motion graphics design
• Post-production services
• Original IP licensing

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Animation and VFX Services for Film and Commercials: Morgana Studios generates revenue by providing animation, VFX, motion graphics, and post-production services to film producers, broadcasters, and advertising brands. Projects include full animation for feature films (Capitán Avispa), VFX enhancement for live-action films (Aire: Just Breathe), brand integration (Olympic Outposts for Bridgestone), and commercial campaigns (Nike Tiempo, Telefónica 5G).
2. Original IP Licensing and Royalties: Morgana Studios creates and owns original intellectual properties (YugiBao, The Flurps, Zlice, Sharon, BAOVERSE, SHARON, ZLICE) that can be licensed across multiple formats — animated series, films, publishing, consumer products, and digital collectibles. Revenue is derived through licensing deals, co-production agreements, and brand extensions.
3. Web3 Digital Collection Sales: The studio launched YugiBao as an exclusive NFT collection of 1,600 handcrafted 3D characters, generating revenue through digital asset sales. The collection sold out in 4 hours, demonstrating demand for Web3-native creative products.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Morgana Studios is a boutique creative studio that provides end-to-end 3D animation, visual effects (VFX), motion graphics, and post-production services for film, television, and commercial clients, alongside the development and licensing of original intellectual properties such as YugiBao, BAOVERSE, Zlice, Sharon, and Los Flurps. The studio serves enterprise clients including Nike, Telefónica, Olympic Channel/Bridgestone, Canal Historia, Foreo Sweden, KPMG, Trivago, La Liga, and History Channel, and operates internationally through co-production partnerships and festival presence (Annecy, Ottawa, Weird Market). It also monetizes original IPs through licensing deals, co-production agreements, brand extensions, and Web3/NFT digital collections.

Product overview

Morgana Studios is a boutique creative studio specializing in storytelling through digital content, new tech, and film. The company operates a unified creative production offering centered on Original IP Development (including proprietary brands YugiBao, Zlice, Sharon, BAOVERSE), combined with VFX and Motion Graphics services, 3D Animation, Commercial Production, and Film Production. The studio also provides Post-Production Services as an add-on capability. Original IPs are being expanded into multiplatform narrative universes with Web3 integration, while production services span from concept art through final delivery for both original and commissioned content.

Differentiator

Problem solved

Functional benefit

Brands

• YugiBao: Original IP featuring 3D animated Bao characters with Web3 digital collection. Expanded into multiplatform narrative universe with gaming experiences and planned animated series.
• Sharon
• Zlice
• BAOVERSE

Products and services

• YugiBao Family of 3D animated characters originating as an NFT collection of 1,600 handcrafted assets, evolving into a multiplatform entertainment brand with animated TV show, merchandising, and digital/physical collectibles. Co-developed with Digitoonz Spain for global expansion as a 360-degree entertainment property.
• BAOVERSE Multiplatform narrative universe and Web3 digital collection ecosystem featuring the YugiBao characters, expanding into gaming experiences, animated series, and consumer products.
• ZLICE Original animated character—a self-proclaimed womanizer who is a proud Pineapple Pizza—created for brand entertainment, TikTok short series development, and short film development.
• Sharon (la abuela de moda) TikTok short series and short film development featuring Sharon, a trendy grandmother who competes in viral challenges on social media, targeting social media audiences.
• Los Flurps Original animated series concept featuring blue alien characters from the peaceful planet Flurp who discover Earth's culture after a mysterious capsule crashes.
• 3D Animation Production Services Full-service 3D animation production including character animation, 3D modeling, and rendering for film, television, and commercial applications, leveraging Cinema 4D with Redshift rendering.
• VFX and Motion Graphics Services Visual effects and motion graphics production services for film and commercial projects, including futuristic world-building (Aire: Just Breathe), brand integration, and Web3 integration for clients like Telefónica, Nike, Bridgestone/Olympic Channel, and Yuga Labs/Magic Eden.
• Commercial Production Services Commercial animation and visual content creation for brand integration, advertising campaigns, and marketing materials for clients including Nike Tiempo Elastic, Telefónica 5G, Bridgestone/Olympic Channel Olympic Outposts, Foreo Sweden UFO 2, Trivago, and KPMG.
• Film Production Services Animated and VFX-enhanced feature film and short film production, including co-productions with international partners for Dominican and Spanish cinema, including Capitán Avispa (2024), Aire: Just Breathe (2024), and the Diamante animated feature co-produced with ReachStar and ReDefine Originals.
• Post-Production Services Comprehensive post-production services including VFX, motion graphics, and color grading for film and commercial projects, exemplified by work on the Telefónica 5G launch video with McCann Madrid and Reafilma.

Quantifiable outcome

• YugiBao Web3 Digital Collection: 1,600 NFT assets sold out in 4 hours
• +3 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Digitoonz SpaincoreStrategic or Co-development Partner · 21 November 2024Digitoonz Media & Entertainment Spain and Morgana Studios entered a landmark partnership to co-develop and co-own the YugiBao brand globally. Under this partnership, both companies will build a multiplatform narrative universe, develop commercial strategies, new content production, global distribution, and cross-platform phygital experiences. The phased rollout targets gaming experiences for a pre-teen audience, followed by an animated series for younger audiences, supported by publishing and consumer products programs.
• Bingo StudiosupportingStrategic or Co-development Partner · 1 April 2024Morgana Studios worked alongside Bingo Studio as one of the two animation studios responsible for the complete animation of Juan Luis Guerra's 'Capitán Avispa' — the first Dominican animated feature film. Both studios collaborated to bring the film's characters and visuals to life.
• ReachStar EntertainmentcoreStrategic or Co-development PartnerMorgana Studios partnered with ReachStar Entertainment to co-produce the animated feature film 'Diamante', set in the Dominican Republic. The film, from an original idea by Morgana's CCO Claudio Lluberes, is directed by Mathieu Ratthé with screenplay by Ratthé and Leticia Tonos Paniagua. Morgana is represented in production by Miguel Cabañas, Verónica Buide, Claudio Lluberes, and Daysi Cruz.
• ReDefine Originals (Redefine by DNEG)coreStrategic or Co-development PartnerReDefine Originals (part of DNEG/Redefine) partnered with Morgana Studios and ReachStar on the animated feature 'Diamante'. Executive producers from ReDefine Originals are Greg Gavanski, John Harvey, and Daniel Krech. The partnership brings international production expertise and distribution network access to the project.
• McCann MadridsupportingStrategic or Co-development PartnerMorgana Studios worked with McCann Ad Agency as the creative agency for the Telefónica 5G introducing video project. McCann Madrid provided the creative direction, while Morgana handled post-production (VFX, motion graphics, color grading).
• ReafilmasupportingImplementation/ SI/ Consulting PartnerReafilma served as the production agency for the Telefónica 5G press release video, with Morgana Studios contracted as the post-production agency providing VFX, motion graphics, and color grading.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DNEG (Double Negative): Global VFX and animation powerhouse with episodic, feature, and IP divisions including ReDefine Originals — directly comparable to Morgana as a full-service animation/VFX house co-producing animated features (ReDefine is Morgana's partner on Diamante).
• Framestore: End-to-end VFX, animation, and immersive content studio serving film, episodic, brand, and experience work globally; competes with Morgana for premium feature, commercial, and brand-integrated animation engagements.
• MPC (Moving Picture Company): Leading VFX and animation studio across feature film, episodic, and advertising; directly comparable to Morgana's hybrid film/brand animation and post-production offering, with overlapping capabilities in CGI feature work and high-end commercial campaigns.
• The Third Floor: Previs, virtual production, and post-production services for feature, episodic, and themed entertainment; competes with Morgana's VFX and post-production capabilities on the same type of high-end projects.
• Digitoonz Media & Entertainment: Animation studio co-developing/co-owning the YugiBao IP with Morgana and pursuing gaming, series, and consumer products expansion; a direct peer in original IP co-development for animated multiplatform properties.
• Luma Pictures: Independently owned VFX and animation studio serving feature, episodic, and commercial clients; comparable in scale and operating model to Morgana's boutique services-plus-IP positioning.
• Tangent Animation: Mid-sized animation studio producing CG-animated feature films and series; directly comparable to Morgana as an outsourced animation and original IP studio with feature and series ambitions.
• Atomic Cartoons: Independently owned animation studio producing original series and feature animation plus service work; directly comparable to Morgana's combination of original IP development and premium animation services.

Broad incumbents

• Industrial Light & Magic (ILM): Lucasfilm's flagship VFX and animation house covering feature, episodic, immersive, and themed entertainment; broader incumbent competing for premium animation/VFX work that Morgana targets, while operating at vastly greater scale.

Regional players

• Ilion Animation Studios: Madrid-headquartered (Spanish footprint) feature film animation studio with credits including Planet 51; the closest Iberian peer to Morgana for animating full-feature CG films and competing for similar international co-production work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/MorganaStudios
• YouTubeinstagram.com/_wearemorgana
• Facebookfacebook.com/MorganaStudios
• LinkedInlinkedin.com/company/vfx-motion-graphics-morgana-studios
• Instagraminstagram.com/animation.morgana

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Morgana Studios