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Category: Business

Headline News

New Line, the Tolkien Estate and Harper Settle LOTR Lawsuit

THR, Esq. reports that New Line Cinema, the Tolkien estate and Harper Collins Publishing have settled a lawsuit over profits from LORD OF THE RINGS, specifically the films released from 2001-03.

Headline News

Terminator's Salvation from Lawsuits

Variety reports two TERMINATOR SALVATION producers have sued the Pacificor hedge fund (and one of its former employees) alleging financial wrongdoing.

The Halcyon Co., owner of the rights to the movie franchise, has accused former Pacificor employee Kurt Benjamin of fraud, double-dealing and conspiring with the fund's CEO, Andy Mitchell.

Headline News

Activision Blizzard’s Surprising Second Quarter

Press Release by Activision

Santa Monica, California (Aug 05, 2009) -- Activision Blizzard, Inc. today announced better-than-expected financial results for the second quarter 2009.

For the quarter ended June 30, 2009, Activision Blizzard’s GAAP net revenues were $1,038 million, and its non-GAAP net revenues were $801 million. The company’s prior GAAP net revenue outlook for the quarter was $1 billion. On a non-GAAP basis, the company’s net revenue outlook was $775 million.

Nick Headline News

Nick Splat to Be Wiped Away

Nickelodeon is changing its image. VARIETY reports that this fall Nick will unveil a new logo, saying goodbye to the splat look that it's had since 1984.

The reason for the change is to unite the brand identity of its sister networks -- Nick at Nite and Nicktoons, as well as Noggin and The N, which become Nick Jr. and TeenNick in September, respectively.

Headline News

Yahoo and Microsoft Finally Sign Deal

Press Release from Yahoo! and Microsoft

SUNNYVALE, Calif. & REDMOND, Wash. -- Yahoo! and Microsoft announced an agreement that will improve the Web search experience for users and advertisers, and deliver sustained innovation to the industry. In simple terms, Microsoft will now power Yahoo! search while Yahoo! will become the exclusive worldwide relationship sales force for both companies' premium search advertisers.

Media Headline News

Studio100 Media Buys Up Maya the Bee

Press Release from Studio100 Media GmbH Munich, July 29, 2009 -- Studio100 Media GmbH has signed a buy-out agreement with Waldemar Bonsels Foundation for the endearing classic MAYA THE BEE. Studio100 Media already holds all exploitation rights including TV, Video, VOD and merchandising to the existing animated series of 104 episodes produced in 1975 and to the 1977 animated feature film.

Animation Headline News

Calypso Animation to Open Offices in Bangalore and Chennai

Press Release from Calypso Animation Studios

Calypso Animation Studios (CAS) is pleased to announce the opening of a satellite offices in Bangalore and Chennai, India, headed by Project Manager Muthu A. Muthu is an expert at animation and project management and has over 10 years experience in the Indian animation market specializes in outsourced animation. The CAS Bangalore team will help orchestrate outsourced projects in Central and East Asia.

Million Headline News

DreamWorks Animation Reports 7 Percent Profit Dip

Press Release from DreamWorks Animation SKG, Inc.

GLENDALE, Calif., July 28 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today announced financial results for its second quarter ended June 30, 2009. In the quarter, the Company reported total revenue of $132.0 million and net income of $25.6 million, or $0.30 per share on a fully diluted basis. This compares to revenue of $141.5 million and net income of $27.5 million, or $0.30 per share on a fully diluted basis, for the same period in 2008.

Animation Headline News

DUCK Inks Golden Lucky

Press Release from DUCK

DUCK has signed Brooklyn-based art and animation studio Golden Lucky, bringing a high-end animation studio onto its ever-expanding roster. The studio, led by Creative Directors Saiman Chow and Sean Dougherty, is known for churning out creative projects for multiple applications with their unique variety of animation, which involves blending music, storytelling, character development, and the creation of sets and artwork from various materials.

Dreamworks Headline News

Indian Billionaire Invests $825M in DreamWorks

THE HOLLYWOOD REPORTER is saying that Indian billionaire Anil Ambani has invested $825 million in DreamWorks Studio. The new movie production house will find Steven Spielberg, Stacey Snider and Ambani as partners. The board will consist of Spielberg, Snider, Reliance's Amitabh Jhunjhunwala and Alan Levine, current JPMorgan entertainment advisor and former Sony Pictures CEO.

Years Headline News

Royale Turns Two, Celebrates Studio Defining Culture

Press Release from Royale

Los Angeles, CA -- (July 15, 2009) -- July 2009 marks the 2nd anniversary of LA-based motion design and production studio Royale. Drawing on 20+ years collective experience, Partners Jayson Whitmore, Brien Holman and Jennifer Lucero launched Royale with the mission of pioneering a studio whose culture would be its defining thread, from nurturing innovative creative and its intrinsic process, to delivering clients tailored solutions in a welcoming, collaborative atmosphere.

Headline News

Animator Union Makes Pact with Producers

Animation Guild Local 839 has reached a tentative three-year deal with the Alliance of Motion Picture & Television Producers, per VARIETY.

The unions covering Hollywood's 2,000 animators announced Tuesday they had made the deal, which will take effect August 1 if ratified by members. Negotiations began May 18 and concluded Monday night.

Local 839 is part of the Intl. Alliance of Theatrical Stage Employees.

Film Headline News

WB Leaps Small Building in Superman Suit

Warner Bros. and DC Comics have received a positive ruling in the lawsuit filed against them by the heirs of SUPERMAN creator Jerome Siegel, according to VARIETY. U.S. Judge District Court Judge Stephen G. Larson ruled that the license fees WB paid DC for the SUPERMAN rights were not below fair market value, thus the heirs will only have the rights to go after DC's $13.6 million profits made on SUPERMAN RETURNS.

Games Headline News

WB Buys Up Midway Games in Court

Warner Bros. has purchased most of Midway Games' assets for $33 million in bankruptcy court, according to VARIETY. WB now owns MORTAL KOMBAT, SPY HUNTER and JOUST, among other game franchises. It opted not to buy two development studios owned by Midway in San Diego, California and Newcastle, England.

A bankruptcy court in Delaware gave the approval for the deal last week, adding that all objections to the sale had been resolved. Midway filed for bankruptcy earlier this year.

Digital Headline News

Digital Domain to Pay $2M in Termination Suit

Digital Domain has lost a wrongful termination suit from former president Christian Bradley Call, and was ordered by a jury to pay nearly $2 million in damages, reports VARIETY.

Call was awarded $659,500 for breach of contract and more than $1.2 million for wrongful termination. The verdict was handed down Thursday in Malibu Superior Court after a two week trial.