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Avatar Studios is a Nickelodeon division and production company owned by Avatar: The Last Airbender creators Michael Dante DiMartino, Bryan Konietzko and ViacomCBS through Nickelodeon. In February 24th 2021, Nickelodeon announced the creation of Avatar Studios, "a division designed to create original content spanning animated series and movies based on the franchise’s world." The original creators and executive producers Michael DiMartino and Bryan Konietzko will run the studio as co-chief creative officers, with an animated theatrical film set to start production in 2021 as its first release.[1]

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On February 24th 2021, ViacomCBS announced Avatar Studios, a new division of Nickelodeon centered on developing animated series and films set in the Avatar universe, to be distributed via Nickelodeon's linear and digital offerings, as well as Paramount+, theatres, and third-party services. The division is helmed by original series creators DiMartino and Konietzko, who are its co-chief creative officers and report to Nickelodeon Animation president Ramsey Naito.[2] The company also stated the studio would begin production of an animated film in 2021. Konietzko and DiMartino remarked that "with this new Avatar Studios venture we have an unparalleled opportunity to develop our franchise and its storytelling on a vast scale, in myriad exciting ways and mediums",[3] while ViacomCBS Kids & Family president Brian Robbins declared "Avatar: The Last Airbender and Korra have grown at least ten-fold in popularity since their original hit runs on Nickelodeon, and Ramsey Naito and I are incredibly excited to have Mike and Bryan's genius talent on board to helm a studio devoted to expanding their characters and world into new content and formats for fans everywhere".[2]

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