- Uncle of Alexander Anderson
- President of Aesop's Fables Studios, a company that produced animated shorts.
- Owner of Terrytoons, a company that produced animated shorts.
- Brother of John Coleman Terry.
- Co-founder and namesake of Terrytoons, an animation studio active from 1929 to 1968. From 1934 it was located in New Rochelle, NY.
- Terrytoons was the first major animation studio to package its old cartoons for television, in 1953. In 1955 Terry sold the company to CBS for $3.5 million and retired.
- Terry considered the "Heckle and Jeckle" series the best he ever produced. Interestingly, they were the only star characters at Terrytoons who were antagonistic.
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