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Category: Business

Disney Headline News

Disney Acquires Wideload Games

Disney Interactive Studios announced today it has agreed to acquire Wideload Games Inc., a Chicago-based producer and developer of original interactive entertainment.

Destination Headline News

Destination Stays #1 at Box Office

Topping Labor Day weekend, THE FINAL DESTINATION (WB/NL, with vfx by Amalgamated Pixels) was #1 again, with audiences, grabbing $12.3M in its second week. DESTINATION was down 55% with a total gross of $47.4M.

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.