Portfolio Entertainment and U.K-based Giggle Media have inked a development deal with Corus Entertainment’s TELETOON for a new comedy animation series, Invasion of the MooFaLoo! The kids 6-11 production, created by Steve Garratt, follows three genetically-modified, rocket-powered sheep – Fluffy, Byron and Telisa – as they fight to protect the world from the MooFaLoo, a race of alien monk cows who conquer planets with their duck-shaped battleships. In other TELETOON news, marblemedia, and full service animation studio Atomic Cartoons are in development with the company on an animated comedy series titled Captain Cornelius’ Cartoon Lagoon. The series follows the weird, whacky and random submarine adventures of Captain Cornelius and his crew as they scour the lagoon floor for the best, and the worst, cartoons ever made.