In October 2009, the studio was bought out by HandMade Films, the company that produced Monty Python's Life of Brian and Planet 51. It continued to produce content under their company.[1] They were offering bids for the proposed series Jolly Rabbit and HTDT.
In September 2011, FremantleMedia acquired the worldwide sales and distribution rights to Animation Collective's library.[2] In October 2017, Schwarz bought Animation Collective back from HandMade Films.[3] In September 2018, CAKE acquired the distribution rights to Animation Collective.[4]
The following year, Schwarz and others in the administrative office changed the studio's name to Larry Schwarz And His Band, as a way to start fresh. This effectively ended Animation Collective's run by name, although all the same employees still worked in the same office. The rights for the pitches and pilots for Jolly Rabbit and HTDT were transferred under the new title, as well as new shows Team Toon and Alien Dawn. HTDT was later sold to Toonz Entertainment, who delivered the series in 2015.[1]