Two of the leading creative and business minds behind Disney’s Club Penguin, the number one virtual world for children, have formed Hyper Hippo Productions, a new studio that promises to offer fun and imaginative children’s properties for a wide range of digital platforms. Lance Priebe , co-founder and creator of Club Penguin, and Pascale Audette , former Studio Head and Vice President of Global Operations for Disney Online Studios, will develop quality entertainment for children under the Hyper Hippo label.…