After Gutmann passed away, The Pygos Group collapsed and all the assets of the company were sold to HiT Entertainment. HiT relaunched Pingu for a scheduled 52 episodes, however after it ran its course, it ended rather abruptly and without any announcement.
Quote from Gutmann
"My objective with Pingu was to show what is fundamental to my sense in the whole animal world, namely the simple thing that we are nothing without the other. The use of a penguin allows, besides being sympathetic, to vary on topics as diverse as ecology, global warming, lack of resources. In short, the scarcity of men and food that an integral economic world could bring. "