Mattel believes that the new Pingu series will be the perfect step forward for its 'new-stalgia' approach; millennials are also excited for the series.

Almost two decades after its last episode aired, the highly popular children's animated series Pingu is being remade by stop-motion studio Aardman and Mattel.

Mattel exec Josh Silverman spoke to THR about the company's mission to create shows that resonate with both adults and children, something he calls "new-stalgia."

The team behind Wallace and Gromit are collaborating with a huge toy company to bring back the lovable penguin Pingu.

Mattel, which acquired the penguin character in 2011, will co-develop a new stop-motion 3D animated Pingu TV show with Aardman, the animation company which created Wallace And Gromit and Chicken Run. The decision to partner with Aardman was a no-brainer, Mattel chief franchise officer Josh Silverman said.