Montreal-based Toon Boom Animation Inc. has opened an office in London to provide support and training services to European customers, as well as it customers based in the Middle East and Africa. Piers Godden is the main contact and may be reached at +44 7843 679095.
As part of DreamWorks plans to go public with its animation unit, the company had to open its financial books to the public for the first time.
It was disclosed that Jeffrey Katzenberg did not receive any compensation from the studio in 2003. Yet, he will receive stock options worth an estimated $20.5 million when IPO goes forth.
DreamWorks' coo Ann Daly earned $1.5 million and 30,000 stock options in 2003. General counsel Katherine Kendrick took home $550,000 plus 25,000 shares and cfo Kristina Leslie landed $300,000 plus 10,000 options.
DreamWorks Llc and its animation division, DreamWorks Animation Inc., announced that DreamWorks Animation, Inc. has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are serving as joint book-running managers of the offering.
Cecropia Inc., a Boston-based game developer, has formed a new animation production studio in Orlando, Florida, that will focus on creating the quality artwork and animation for the company's new interactive game. Cecropia has recruited industry veterans in the region including Walt Disney Feature Animation alumni.
FUNimation Productions, Ltd., one of the leading independent home video entertainment and brand management companies in the U.S., has created Our Time Family Entertainment, a new division developed to provide high quality entertainment properties to the burgeoning preschool and children's market.
The National Center of Animation and Computer Games will open on July 27, 2004 at East China Normal University in the city, reports SHANGHAI DAILY. The Cultural Research Center of Chinese Academy of Social Sciences and Shanghai Broadband Television Corp. invested 10 million yuan (US$1.2 million) in the center to encourage more domestic production.
"As the birthplace of the Chinese film and cartoon industry, Shanghai won the right to have the center over cities like Beijing, Shenzhen and Chengdu," said Tong Zuguang, vp of East China Normal.
Marvel Enterprises has sued the Walt Disney Co. and ABC Family (formerly Fox Family) for at least $16 million, which it claims it is owed on the cartoons it licensed to Fox Family, which Disney acquired in 2001, reports VARIETY. As part of the suit filed July 15, 2004 in L.A. Superior Court, Marvel argues that Disney improperly accounted for profits on animated series THE INCREDIBLE HULK, X-MEN AND SPIDER-MAN and failed to promote the shows. In the complaint, Disney claims the toons lose money, but will not provide proper accounting.
Pepper Films has settled into its new space in Santa Monica, California. Founded by animation director Jean Perramon, technical director/compositor Nick Bates and producer Christina Cox in 2002, Pepper Films provides animation and CG production.
Philip Anschutz's Walden Media has left Disney for Fox, reports VARIETY. The AROUND THE WORLD IN 80 DAYS producer will team with Fox on five features, including Kate DiCamillo's BECAUSE OF WINN-DIXIE (due for release January 2005); Katherine Paterson's BRIDGE TO TERABITHIA; Lois Lowry's THE GIVER; Wendy Orr's NIM'S ISLAND; and Adam Mortimer's as-yet-unpublished comicbook proposal BIBLIONAUTS. Unlike the past Disney deal, the Fox agreement is neither exclusive nor constrained by time limits.
Brain Zoo Studios, a leading character animation company for film and videogames, is re-locating its offices to a new, 5,500 square-foot building in Van Nuys, California, that will allow Brain Zoo to triple in size and bring on additional 20 team members to double its staff.
The new facility is wired with Cat 6 and a fiber optic network for heavy data management for feature, television and gaming projects.
In an effort to help its local industry produce another global sensation, the Japanese government is offering financial support to cash-strapped animation houses, reports THE JAPAN TIMES.
Anime imports into the U.S. has grown from 23 in the 1980s to 42 in the 1990s and has already reached 40 during the four years through 2003, according to a survey by the government-affiliated Japan External Trade Organization (JETRO). The organization also found that the anime market in the U.S. is worth $4.36 billion, which is 3.2 times the value of Japanese exports of steel products.
EM.TV has finalized its E13.5 million acquisition of Kirch Media's remaining 50% of their jointly held Junior TV program library, and settled outstanding legal and licensing issues plus all mutual claims with the bankrupt Kirch.
EM.TV's management is also seeking $158 million in financial damages "out of and, if necessary, in court" from EM.TV founder Thomas Haffa and his brother, ex-cfo Florian Haffa, plus former executive and supervisory board members. EM.TV accuses them of improprieties centering around the 2000 acquisition of a stake in Formula One racing.
The Writers Guild of America West reached an agreement with IATSE Local 839 Animation Guild requiring producers to tell animation writers whether a prospective job falls under the WGA agreement or the producers contract.
some animation writers found out too late that they were working on a Local 839 show they had assumed was covered by WGA terms and lost their position to negotiate for higher wages and health care benefits before taking the job.
Hong Kong Disneyland is expected to create 18,000 jobs, including 5,000 before opening of the theme park, it was reported in THE STANDARD in China. The park is expected to open by late 2005 and give a tourism and employment boom to the former British colony.
DAZ Prods. has acquired Bryce, Corel's award-winning 3D landscaping and animation package.
Widely used by designers seeking to integrate 3D technology into their creative workflow, Bryce complements existing DAZ software packages and further strengthens DAZ's presence in the digital graphics market.
V12 and Panopoly Pictures are merging their respective design and production departments to form Full Circle, a the new company that will provide live-action production, branding motion graphic design and animation to clients in the feature film, commercial and broadcast arenas. Leading the joint venture are V12 founder David Hwang and Panopoly Pictures co-founder Kathryn Peaslee.
DVD producer/distributor Image Ent. and comicbook-based media company Dark Horse Ent. have partnered to produce and distribute live-action and animation genre movies, music and other entertainment programming. John Landis has signed on to write and direct a horror film for the jointly owned Dark Horse Home Ent., whose film will initially be direct-to-DVD films. In addition, Bruce Campbell and novelist and graphic novel writer Neil Gaiman have agreed to be involved in several upcoming productions.
In its turnaround plan to improve operating effectiveness, Vivendi Universal Games (VU Games) eliminated 350 staff positions in its North American based operations. The company's Blizzard Entertainment studio was not part of the reduction.
"Restructuring the organization and reducing our cost base are necessary to improve our operating effectiveness and profitability," said VU Games ceo Bruce Hack. "This constitutes another important step in our turnaround plan aimed to better position the company for growth."
Responding to industry growth and an increasing number of projects, leading visual effects company Zoic Studios has just completed a major expansion, adding new talent, technology and studio space.
A few months ago Rick Mischel, ceo of Mainframe Ent., alluded to AWN that a sales/distribution entity would be in place soon for IDT Ent. and now that has become a reality. IDT Ent. has formed IDT Ent. Sales (IDTeS) a new company responsible for the worldwide distribution of content from its companies, as well as third-party producers. IDT Ent. companies include Anchor Bay Ent., Manga Ent., DPS, DPS/Film Roman, Mainframe Ent. and DKP Effects.
Accel-KKR, the Ontario Teachers' Pension Plan and Alias management announced the completion of the acquisition of Alias from SGI for $57.5 million. Accel-KKR is a technology-focused private equity firm and Teachers' is one of Canada's largest pension plans with net assets of more than $75 billion CDN.
Universal Studios announced the creation of Universal Studios Partnerships (USP), an agency-inspired entity designed to oversee multi-divisional corporate alliances as well as theatrical and home entertainment promotions. USP expands upon and renames Universal Partnership Development, a group currently overseeing long-term corporate alliances. Stephanie Sperber, svp, Universal Partnership Development, has been promoted to evp, USP, reporting to Universal Pictures vice chairman Marc Shmuger.
The L.A. birthplace of the FLINTSTONES has been saved, reports THE ASSOCIATED PRESS. The City Council approved a plan that will preserve all three of the historic Hanna-Barbera animation studio buildings.
"This was really the birthplace of TV animation," said Ken Bernstein, the Los Angeles Conservancy's director of preservation issues. He hailed the City Council's May 25, 2004 approval of a plan that saves the buildings, which were denied historic landmark status in 1997.
The litigation that disrupted the relationship between Marvel Enterprises and Sony Pictures is now over. Both companies announced they have "amicably resolved their pending court disputes." In 2003, Marvel sued SPIDER-MAN partner for $50 million, claiming the film studio was trying to label SPIDER-MAN a Sony property and leaving Marvel alienated from merchandising its own character. As part of the agreement, details were not released.