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Category: Business

Headline News

MAXON Opens New French Office

MAXON Computer, a German-based developer of 3-D software, has opened an office in Boulogne-Billancourt, France. In cooperation with the French distributor of its award-winning products CINEMA 4D and BodyPaint 3D, MAXON can now offer even greater support for its French user base.

MAXON's products have been used in productions worldwide, ranging from architecture to medical, from advertising to industrial design and from broadcast to major Hollywood movies.

Company Headline News

Indian Media Company Buys U.K. VFX House Men-from-Mars

Century Communications, one of India's largest independently owned media companies and owner of leading Indian vfx company Pixion, is making its first move into the global arena with the acquisition of U.K. based, vfx house Men-from-Mars.

Studio Headline News

PS3 Game Developer Insomniac Games Expands To North Carolina

Insomniac Games is opening a North Carolina-based development studio.

The new studio, which will be located in the Raleigh-Durham area, marks the first expansion in Insomniac's 14-year history. The North Carolina studio will also be known as Insomniac Games, and will focus both on developing current and new intellectual properties. While the new studio will operate largely autonomously from Insomniac's Burbank group, it will receive administrative support along with shared tools and technology.

Company Headline News

The Electric Sheep Company And ILL Clan Agree to Split

After a 16-month run, virtual world content creator The Electric Sheep Company (ESC) and its critically acclaimed machinima animation division, previously ILL Clan, have restructured to operate as distinct business entities.

Sega Headline News

SEGA Purchases New Unreal Engine 3 License

SEGA of America has extended its relationship with Epic Games by signing a new Unreal Engine 3 licensing deal for an unannounced, cross-platform game.

SEGA entered into its original licensing agreement to develop multiple titles with Unreal Engine 3 in May 2007. Details of the project in development will be released at a later date.

Digital Headline News

Studios To Finance European Digital Cinema

Four major U.S. studios will co-finance the digital cinema rollout in Europe, which will cost around $945 million, says VARIETY.

Warner Bros., Paramount, 20th Century Fox and Disney entered into a non-exclusive agreement with digital cinema service company XDC on Friday, and will cover up to 8,000 installations in 22 European countries.

Headline News

TV-Loonland Rival Buys Up 3 Percent Stake

Your Family Ent. has bought a three percent stake in German-based TV-Loonland.

Your Family issued a press release saying, "We are of the opinion, that after its restructuring TV-Loonland is an interesting investment. Content in the children and youth segment like the programmes of TV-Loonland are in Germany at the moment undervalued."

Work Headline News

Data Design Interactive Open Office In Florida

Video game developer and publisher Data Design Interactive has opened a U.S. office in Sarasota, Florida.

The purpose of opening this new studio is to help provide the correct creative atmosphere required to work effectively on today's projects. The emphasis has been placed on providing both a natural and open work environment with sunshine 320 days of the year, a central location, a ten minute walk to the ocean and a two-hour drive to Walt Disney World in Orlando.

Wild Headline News

Wild Canary Media Opens Its Doors In Burbank

Richard Marlis, the former exec VP of Hollywood-based ka-chew/Klasky-Csupo, and Carmen Italia, an advertising and marketing exec and founder of Italia Partners, announced the opening of Wild Canary Media today, based in Burbank, California, USA.

Joining Marlis and Italia at Wild Canary are executive producer of animation Liz Seidman, directors Paul DeMeyer and Gary Johns and producer Chris Hutchison. Heading up the CG animation team are CGI supervisor Bryan Blevins and lead TD artist James Parks. Spearheading the broadcast entertainment business is Mark Pinsker.

Effects Headline News

VES Publishes First VFX Industry Credit Guidelines

The Visual Effects Society (VES) has published the first ever set of VES guidelines for titles in the visual effects industry. The list has been vetted by VES members and ratified by the VES Board of Directors. Major studios have reviewed the list as well and are encouraged to utilize it.

Kitty Headline News

Hello Kitty To Help Promote Japanese Tourism Industry

Hello Kitty has been an international "ambassador of cute" for years, and can now claim "official government envoy" to that list, according to the ASSOCIATED PRESS.

Japan's tourism ministry on Monday named Hello Kitty as its choice to represent the country in China and Hong Kong, two places where she is hugely popular among kids and young women. Officials hope to tap that fan base to lead a larger flow of tourists to Japan and get the country closer to its goal of 10 million overseas visitors a year, the "Visit Japan" campaign.

Headline News

TV-Loonland Out Of Debt, Chairman To Step Down

TV-Loonland has successfully concluded the sale process of its shareholding in Metrodome Group, its U.K. subsidiary, making them debt-free for the first time in seven years. Their CEO, Simon Flamank, also announced he will be stepping down as chairman of the company after the sale is complete.

Media Headline News

HarperCollins And Walden Media Launch Walden Pond Press

HarperCollins Children's Books and Walden Media, the film studio behind THE CHRONICLES OF NARNIA and BRIDGE TO TERABITHIA, have formed a strategic partnership to establish a new children's book imprint called Walden Pond Press.

The announcement was made by Susan Katz, President and Publisher of HarperCollins Children's Books and Micheal Flaherty, Co-Founder and President of Walden Media.

Headline News

TV-Loonland Sells Part of Film Library To Hasbro

TV-Loonland has entered into an agreement with Hasbro to sell all its rights in the "Hasbro Classics Library." Under the agreement, Hasbro. will pay $7 million to TV-Loonland.

The "Hasbro Classics Library" includes renowned titles such as TRANSFORMERS, MY LITTLE PONY and G.I. JOE. These programs were acquired by the TV-Loonland from Sony BMG in December 2000.

Animation Headline News

Fox TV Opens Two Animation Arms

Fox Broadcasting Co. and 20th Century Fox TV have announced the formation of two units dedicated to animation development and production, reports VARIETY. Fox Inkubator will bring the studio together with animators and writers to develop two- to three-minute animated shorts, which could serve as the basis of a series.

Headline News

Bill Would Mandate ID Checks for Mature Videogames

Legislators are using the whirlwind surrounding GRAND THEFT AUTO IV to present a bill that would require ID checks for the purchase of mature-rated videogames, reports VARIETY. House representatives Lee Terry (R-Neb.) and Jim Matheson (D-Utah) presented the Video Games Ratings Enforcement Act on May 7th.

Autodesk Headline News

Autodesk Acquires Assets of REALVIZ

Autodesk Inc. today announced that it has completed the acquisition of substantially all of the assets of REALVIZ S.A., the privately held developer of image-based content creation software. Terms of the transaction were not disclosed.

Imax Headline News

IMAX Gets Financing Deals For Digital Rollout

IMAX Corporation has entered into two significant financing transactions, one with Wachovia Capital Finance Corporation and one with the Douglas family, IMAX's largest shareholder.

The deal with Wachovia will be to increase future availability and modify other terms under the company's existing credit facility

The deal with the Douglas family is for the sale of approximately 2.73 million common shares in a private placement at an aggregate purchase price of $18 million.

Headline News

Disney Reports Second Quarter Earnings

Disney had "an outstanding quarter financially and creatively," according to CEO Robert Iger. Net income for the second quarter in 2008 increased 22 percent to $1.1 billion.

Segment operating income for the quarter increased 21 percent to $2.1 billion, led by strong growth at Media Networks, Studio Entertainment and Parks and Resorts.

Diluted earnings per share (EPS) for the second quarter increased to $0.58, compared to $0.44 in the prior-year quarter. Earnings per share from continuing operations in the prior-year quarter totaled $0.43.

Million Headline News

Bloodrayne Director Sues Billy Zane

Director Uwe Boll has sued actor Billy Zane in Los Angeles Superior Court for revenue money from the film BLOODRAYNE, per THE HOLLYWOOD REPORTER.

Boll says he is owed at least $700,000 from Zane, claiming in the April 30 filing that Zane was the one who suggested Romar Ent. handle distribution of the 2006 box office flop. Zane and Romar head James Schramm reportedly promised the film would open in 2,000 theaters and a $10 million advance from Boll would be used for advertising and promotion.

Macfarlane Headline News

MacFarlane Signs Extension With Fox For $100 Million

FAMILY GUY creator Seth MacFarlane has signed a deal with 20th Century Fox Television that will keep him there until 2012, the studio announced Monday.

The $100 million deal, according to TVGUIDE, makes him the company's highest-paid writer/producer and includes new media, retail projects, FAMILY GUY, AMERICAN DAD and the upcoming FAMILY GUY spinoff THE CLEVELAND SHOW. MacFarlane will also work with FAMILY GUY writer Gary Janetti to produce a sitcom.