Search form

Category: Business

Comics Headline News

Virgin Comics Closes Doors

Just two years since the founding of Virgins Comics, the joint venture between Sir Richard Branson's Virgin Group and Indian comics publisher Gotham Ent., the company has closed its doors and laid off its New York-based eight-member staff, per PUBLISHERS WEEKLY.

Attempts to confirm the closing with Virgin Comics CEO and co-founder and President of Gotham Ent. Sharad Deverajan were not successful, but sources tell PW the unit has been closed and an official statement is likely coming soon.

Headline News

Copyright Law And The Mouse That Started It All

THE LOS ANGELES TIMES has an in-depth article on a 1908 copyright law that may technically give Mickey Mouse (the STEAMBOAT WILLIE-era Mickey, that is) up to the public domain.

Disney's team of lawyers are calling the idea "frivolous," but Roy E. Disney acknowledges during the 1920s, "Nobody knew what they were doing," in regards to often-convoluted copyright law.

Digital Headline News

EA Sports Testing Center To Open In Louisiana

Electronic Arts, Louisiana State University and the Louisiana Department of Economic Development have formed a partnership that will lead to the creation of a new global quality assurance (QA) center in Baton Rouge. The facility will be the first of its kind in the United States and will serve primarily as a test center for EA Sports' software titles.

Mainframe Headline News

Mainframe London Invests In New Property

Mainframe's London headquarters is investing more than 1.2 million pounds as part of a continuing expansion project that has necessitated a move to a larger studio.

Hot on the heels of opening Mainframe North in Manchester, the London studio will be moving in mid-September to the top floor of a beautiful old Clerkenwell warehouse, situated next to the Guardian's offices, in order to secure extra space for current and future expansion. Mainframe has bought the property outright for just under 1 million pounds.

Film Headline News

Watching The Watchmen Lawsuit

Fox has won a round in the ongoing battle over the rights to graphic novel WATCHMEN, which is being turned into a feature film by Warner Bros., according to VARIETY. A judge has denied a motion filed by Warner Bros. to dismiss the lawsuit filed by Fox in February over their right to make the film.

Fox could end up as a profit participant in the film, costing WB millions in box office cash. Fox's legal team says it is looking to prevent the film from being released altogether.

Headline News

EA Withdraws Bid On Take-Two

Electronic Arts has withdrawn its $2 billion tender offer for Take-Two Interactive, publisher of GRAND THEFT AUTO, to enter into private negotiations, per VARIETY. This move comes six months after the public battle started.

EA received little interest in its bid of $25.74 per share, which due to the success of the latest GTA title, has been lower than Take-Two's trading price some days this summer. EA let the offer expire at 12 a.m. Monday.

Headline News

Activision Blizzard Announces Preliminary Results of Self-Tender Offer

Activision Blizzard announced the preliminary results of its tender offer to purchase up to 146,500,000 shares of its outstanding common stock at a price of $27.50 per share, net to the tendering stockholders in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5 p.m., New York time, on Wednesday, August 13, 2008.

Headline News

Sid Ganis Re-Elected President Of Academy

Sid Ganis was re-elected president of the Academy of Motion Picture Arts and Sciences Tuesday night by the organization's Board of Governors. This will be his fourth consecutive term in the office.

In addition, Robert Rehme, an Executives Branch governor and past Academy president, was re-elected first vice president; Producers Branch governors Kathleen Kennedy and Hawk Koch were elected to vice president posts; Executives Branch governor Tom Sherak was elected treasurer and Public Relations Branch governor Cheryl Boone Isaacs was elected secretary.

Disney Headline News

Disney Launches Global R&D Labs With Carnegie Mellon University

Disney announced a major Research and Development initiative to engage top technology universities to conduct research and development for its Parks & Resorts division, Disney Media Networks, ESPN, Walt Disney Feature Animation, Walt Disney Studios Motion Pictures, Disney Interactive Media Group and Pixar Animation Studios.

Carnegie Mellon University (CMU) and the Swiss Federal Institute of Technology Zurich (ETH Zurich), known for their leading-edge work in computer science and technology, are to establish collaborative labs with Disney in Pittsburgh and Zurich.

Headline News

Rock Paper Scissors And a52 Launch Elastic

The principals behind Los Angeles-based editorial company Rock Paper Scissors (RPS) ( and visual effects company a52 ( announced the launch of a new, full-service, design-driven company named Elastic.

To support their new venture, RPS and a52 co-founders Angus Wall and Linda Carlson have hired Alex Gorodetzki as Elastic's executive producer and Trevor Shepard as its creative director of design.

Headline News

Aguru Images Partners With XYZ-RGB

Aguru Images, a provider of innovative image capture devices, has formed a strategic partnership with XYZ-RGB, a developer of 3D scanning solutions. The two companies have complementary technologies and plan to jointly produce a unified 3D capture solution for the entertainment market.

Imax Headline News

IMAX Records Q2 Loss, Looks To Future

IMAX Corporation today reported that it recorded a net loss per diluted share of $0.29 for the second quarter of fiscal 2008, compared to a net loss of $0.11 per diluted share for the second quarter of fiscal 2007.

At the same time, the company announced that the roll out of its IMAX Digital system technology launched as scheduled, with the successful delivery and installation of its first three digital projection systems at three AMC Entertainment theatres located in the Baltimore/Washington D.C. area, during the second quarter.

Production Headline News

Korean Province Launches Hollywood Investment Fund

South Korean province Gyeonggi is launching an investment fund and comprehensive production support program to promote joint ventures between the Hollywood and Korean entertainment communities. The announcement was made by Byung Heon Kim, President of Gyeonggi Digital Content Agency (GDCA).

Digital Headline News

Red Giant Software Acquires Digital Anarchy Plug-Ins

Red Giant Software, with products Magic Bullet, Knoll Light Factory, and Trapcode, has acquired the video plug-in portfolio of Digital Anarchy, a San Francisco-based plug-in developer.

Digital Anarchy is known for its high-quality creative software for broadcast designers and 2D animators. The acquisition will add six new products to Red Giant Software's roster, which will be repackaged under Red Giant Software's own product names.

Million Headline News

Marvel's Income Jumps More Than 50 Percent In Q2 2008

Marvel Ent. reported operating results for its second quarter and six months ended June 30, 2008.

For Q2 2008, Marvel reported net sales of $156.9 million and net income of $46.7 million, or $0.59 per diluted share, compared to net sales of $101.5 million and net income of $29.1 million, or $0.34 per diluted share, in Q2 2007.

Animation Headline News

Kickstand Animation Research And Design Kicks Off Services And Consulting

Kickstand, the animation research and development studio, launched their Brooklyn, New York office this week. Kickstand provides consulting services in custom plug-in development, pipeline design, 3D content and asset creation including character modeling and rigging, and pitch development.

Having already worked with a number of studios in New York and Los Angeles, Kickstand is eager to expand its client list and bring advanced custom technology to animation and video game studios throughout the industry.

Million Headline News

DreamWorks Animation Reports Second Quarter 2008 Financial Results

For the quarter ended June 30, 2008, DreamWorks Animation reported total revenue of $140.8 million and net income of $27.5 million, a 37 percent drop from the same time period last year.

This equals a $0.30 per share on a fully diluted basis, compared to revenue of $222.5 million and net income of $61.8 million, or $0.60 per share on a fully diluted basis, for the same period in 2007.

Headline News

Little Airplane And AFM, Local 802 Reach Agreement

The American Federation of Musicians, Local 802 and Little Airplane Productions have reached an agreement on all issues concerning the children's television show, THE WONDER PETS! The agreement also extends to Hootenanny, the company that engages the musicians for THE WONDER PETS!

The Emmy award-winning show is at the forefront of quality children's programming. Its musicians will now enjoy the benefits and protections of a union contract.

Games Headline News

Ludlum Ent. Reacquires Works Of Robert Ludlum

Ludlum Ent. has reacquired exclusive rights to develop, publish and distribute multi-platform games based on the literary works of late-author Robert Ludlum, the world-renown novelist whose works including the BOURNE and COVERT ONE series have sold more than 290 million copies worldwide and spawned the theatrical box office hits THE BOURNE IDENTITY and THE BOURNE SUPREMACY.

Headline News

Disney Reports Increased Third Quarter Results

The Walt Disney Company today reported earnings for the third fiscal quarter and nine months ended June 28, 2008. Diluted earnings per share (EPS) for the third quarter increased to $0.66, compared to $0.57 in the prior-year quarter.

EPS for the current quarter included an accounting gain related to the acquisition of the Disney Stores in North America, a gain on the sale of, and the favorable resolution of certain prior-year income tax matters. Collectively, these items totaled $0.04 per share.

Union Headline News

Labor Charges Filed Against Little Airplane Productions

On June 30, 2008, Local 802 AFM filed unfair labor charges under the National Labor Relations Act against Little Airplane Productions, Inc., alleging coercion and negotiating in bad faith.

While engaged in contract negotiations with the Associated Musicians of Greater New York, Local 802 AFM, Little Airplane Productions, Inc. illegally and unilaterally replaced, without notice, its musicians for its children's program THE WONDER PETS!