Dynamics of magnetic bubbles in planar ferromagnets described by the L
andau-Lifshitz equation with dissipation is analyzed. The pure O(3) si
gma model has static multisoliton solutions, characterized by a number
of parameters. The parameters describe a finite-dimensional manifold.
A small perturbation of energy functional with respect to the sigma m
odel forces solitons to move, Multisoliton dynamics is effectively red
uced to a flow on the parameter space.