[1] The studio was originally owned and operated by three animation producers, husband and wife Mike and Liz Young,[1] and Bill Schultz (6 seasons of The Simpsons, Garfield and Friends and Bobby's World).

[4] Taffy wasn't the same company as Mike Young Productions, both had similar instances.

Young also claimed that he was completely unaware of MoonScoop's financial issues until the day the news were reported.

[10] On January 27, 2014, Dargaud, through their fully-owned subsidiary Ellipsanime, purchased MoonScoop's assets,[11] and a week later on February 3, Mike Young purchased out Ellipsanime's 51% share in MoonScoop Entertainment, LLC., and rebranded the company as Splash Entertainment, LLC.

[12] The two companies expanded their partnership in February 2023 to include worldwide distribution rights to Splash's TV catalog.