Ltd. is an Australian film and television production company, located in South Melbourne, Victoria.

Founded in 2003 by Laura Waters, the studio produces television series and feature films ranging from live-action to animation.

Their live-action television credits include Summer Heights High, Lunatics, Superwog, How to Stay Married, Ja'mie: Private School Girl, Jonah from Tonga, Wrong Kind of Black, and Last Days of the Space Age.

Founded in 2020, The studio aims to create content for both local and international audiences following a first-look deal between the two companies a year prior.

[3][4][5] The studio is best known for producing the Adult Swim animated series Smiling Friends, as well as YOLO and Koala Man.