Scotland's largest animation studio, Axis Studios, collapses, resulting in 160 job losses.

Scotland's largest animation studio, Axis Studios, has collapsed, resulting in the loss of 160 jobs. The Glasgow-based company, known for projects with clients such as BBC, Netflix, and Blizzard Entertainment, faced severe cash flow problems due to a decline in projects and increased labor costs. Administrators from Interpath Advisory have been appointed to handle the situation and support the employees.