Oscar-winning visual effects house Digital Domain finds itself moving from the movie set to the court room as legal proceedings begin the wrongful termination case filed against the company by its former president Christian Bradley "Brad" Call.
THQ Inc. today announced a reorganization of the company's management team and business units in support of THQ's focused product strategy. In order to more directly align the organization with its previously announced strategy, THQ has formed three new business units: 1) Core Games; 2) Kids, Family and Casual Games; and 3) Online, and has promoted key executives to manage each of these units. Each unit manager will report directly to THQ President/CEO Brian Farrell.
Press Release from MySpace
LOS ANGELES -- MySpace today announced its intent to restructure its international operations and refocus personnel around a smaller number of territories, while retaining a robust global consumer presence.
Press Release from Random House Children's Books and Komixx Entertainment
RHCB and Komixx Entertainment have agreed to create a new company, Random House Children's Screen Entertainment ('RHCSE'), to produce animated and live-action children's and family entertainment for the cinema and television.
Press Release from NANDO@BENT
International award-winning Creative/Director Nando Costa, founder of top industry leading design and animation studio Nervo, has teamed with Portland-based Bent Image Lab to form, NANDO@BENT. Costa brings his entire Nervo shop to BENT, including creative partner Linn Olofsdotter. Costa, age 30, will become the fourth partner of BENT which includes: Co-Founder/EP Ray Di Carlo, Co-Founder/Director Chel White, and Co-Founder/Director David Daniels.
Press Release from ABC Entertainment Group
Completing a process begun in January, ABC Entertainment Group President Stephen McPherson today announced the Group's final organizational structure. Effective immediately, Business Affairs, Business Development, Casting, Program Planning, Scheduling and Distribution will be managed as integrated areas, while ABC Entertainment and ABC Studios retain separate creative teams, with each combining development and current programming roles.
Japanese manga publisher Futabasha is suing Korean film production house Show East over the rights to turn OLD BOY into a feature film in the U.S., reports ANIME NEWS NETWORK.
Show East produced a popular 2003 Korean version directed by Chan-wook Park. The suit was filed on Monday.
Futabasha is suing to confirm the lack of a binding contract between the two parties, due to an alleged breach. They allege that Show East violated the agreement, nullifying it, when Show East got Universal Pictures to sign on for a remake.
Press Release from The National Film Board of Canada and the Shorefast Foundation
St. John's, Newfoundland and Labrador, June 17, 2009 -- have reached a partnership to deliver Newfoundland's first e-cinema installation and the NFB's first English-language e-cinema partnership in Canada.
On Monday, a Russian court dropped the lawsuit against adult cartoon channel 2X2 for their airing of SOUTH PARK, per VARIETY. A religious group had alleged the show stirs up national hatred.
Last year, the case was brought by the Russian Union of Christians of Evangelical Faith, who said one episode in particular, "Mr. Hankey's Christmas Classics," "insulted the feelings of religious believers and incited religious and national hatred."
Center for Visual Music has received two new grants for preservation of very early Oskar Fischinger animation experiments.
Press Release from Chocolate Liberation Front
Melbourne, June 10 -- Award-winning Australian and Canadian producers form cutting-edge independent production company, Chocolate Liberation Front, which will create and produce high-quality and innovative multiplatform projects for the international marketplace.
Press Release from Autodesk
SAN RAFAEL, Calif., June 10, 2009 - With more than 4,600 participants in the Autodesk Assistance Program and more than 5,000 product downloads to date, Autodesk is announcing significant additions to the program announced six weeks ago. The program was designed to help displaced workers in the architecture, engineering, design and manufacturing industries maintain and develop their 3D design technology skills and help improve their employability in a down economy.
Ninety-year-old Hollywood post-production and VFX house Pacific Title & Art Studio is set to be liquidated, per VARIETY.
Efforts to get new financing for the company have failed, according to an email to employees from CEO and President David McCarthy, and all current projects will be completed by the end of June.
A buyer could emerge to save the company, but McCarthy's email was clear: "You should all immediately consider yourself laid off."
Press Release from The Foundry
London, UK, 3rd June, 2009: Leading visual effects software developer, The Foundry (www.thefoundry.co.uk), whose software products have been used to make many of the past year's biggest motion pictures, today announced a management buyout for an undisclosed sum led by Advent Venture Partners.
Advent has backed The Foundry's management team, led by CEO Dr Bill Collis and the original founders, in a transaction that sees the sale of the shareholdings of previous investors, Wyndcrest Holdings.
Press Release from Dassault Systmes and EuropaCorp
(June 02, 2009) PARIS -- Dassault Systmes (Paris:DSY) (NASDAQ:DASTY), a French software editor and world leader in 3D solutions, and EuropaCorp, a French international film studio, today announced that they will join forces around a strategic innovation partnership to bring the power of industrial and experiential 3D to the domains of cinema and marketing.
A jury should decide the claims in the suit by heirs of J.R.R. Tolkien against New Line Cinema over profits from the LORD OF THE RINGS film trilogy, ruled Los Angeles Superior Court Judge Ann I. Jones on Tuesday (per VARIETY).
The defense had motioned that a judge, not a jury, hear the lawsuit. Jones also denied a defense motion asking that she hear and decide some of the claims before a jury heard the rest.
Tolkien trust attorney Bonnie E. Eskenazi said the case is on track to go to trial on October 19.
Press Release Disney Online
NORTH HOLLYWOOD, Calif. -- Disney Online announced today it has completed the purchase of key Internet assets from Kaboose, Inc., including Web sites Kaboose.com, BabyZone.com, AmazingMoms.com, and ParentZone.com, among others. As a result of the acquisition, a new group of properties has been formed, the Disney Online Mom and Family Portfolio, which will be led by Emily Smith, vice president, Disney Online.
Time Warner will spin AOL off into an independent company, according to CNN, after merging in January 2001.
In a statement, Time Warner CEO Jeff Bewkes said, "We believe that a separation will be the best outcome for both Time Warner and AOL."
The merger eight years ago was seen as a laudable attempt to merge old and new media, but Time Warner's stock has plummeted around 80 percent in the time since. It owns 95 percent of AOL, and will buy the remaining stake from Google.
Press Release from Take-Two Interactive Software, Inc.
NEW YORK -- Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced financial results for its second quarter ended April 30, 2009.
Press Release from Pixomondo
Venice, California (May 26, 2009) -- International visual effects company Pixomondo has opened a new flagship studio in Los Angeles, California. Extending its global reach, Pixomondo now has a worldwide network of studios located in Berlin, Frankfurt, Munich and Stuttgart, as well as London and Shanghai, from which it produces feature film, television and commercial visual effects.
Press Release from Hasbro and Discovery Communications
PAWTUCKET, R.I. & SILVER SPRING, Md. -- Hasbro, Inc. (NYSE:HAS) and Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) announced today the closing of Hasbro's purchase of a 50 percent interest in a joint venture which holds the Discovery Kids Network in the United States. Hasbro and Discovery plan for the joint venture to create a rebranded television network dedicated to high-quality children's and family entertainment.
Midway Games Inc. today announced that it has entered into a "stalking horse" asset purchase agreement with Warner Bros. Ent. Inc., and filed a sale and bid procedures motion with the bankruptcy court to conduct the sale of the company’s assets pursuant to Section 363 of the United States Bankruptcy Code. The bid procedures will provide for notice to be given to third parties of the pending sale to Warner Bros. Ent. and offer the opportunity for interested parties to bid on the company's assets.
Press Release from OFX Association
Seven companies joined forces at NAB last month to launch The Open Effects Association. This non-profit, UK-based company aims to develop and promote open standards across the visual effects community. Founding members are Assimilate, Autodesk, Digieffects, FilmLight, The Foundry, GenArts and RE:Vision Effects. These companies have helped artists create ground-breaking VFX shots on just about everything that hits cinema screens.