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Headline News Roy Disney Quits, Calls for Eisner’s Resignation

Roy E. Disney, vice chairman of Walt Disney Co. stepped down from the board of directors and called on chairman/chief exec Michael Eisner to resign in a scathing letter.

On Sunday, Nov. 30, 2003, he sent a three-page letter to Eisner criticizing the chairman's leadership over the past seven years. Disney has called for Eisner's resignation in the past, but the idea was rejected by the board.

Headline News U.S. Congress Agrees To Set 39% Ceiling for Broadcasters

The U.S. Congress, under Republican leadership, and the White House agreed late Nov. 24, 2003 in Washington DC to a new limit on the number of television stations one company can own, a compromise reached to help make way for approval of a massive spending bill that will keep the government running for a year.

Headline News CINAR Sets Takeover Bid Meeting With Shareholders

CINAR Corp. will hold a special meeting of shareholders on Jan. 15, 2004 at the Omni Hotel in Montreal to obtain approval for a $143.9 million acquisition by an investor group comprised of former Nelvana execs Michael Hirsh and Toper Taylor with TD Capital Canadian Private Equity Partners.

Headline News Zinkia Staffing Up For Pocoyó

Madrids Zinkia Ent. is busy signing up top creative talent to start production on its 3D CGI animated preschool property, POCOYÓ. The 52x7 series is being co-produced with Carlton International, for U.K. commercial broadcaster ITV.

Already on board is one of Spains leading 3D animation specialists, Magoga Piñas, who has joined the Pocoyó team. Magoga, has more than a decade of experience in the 3D animation field, working on feature films such as LA GRAN AVENTURA DE MORTADELO Y FILEMON (2003) as well as commercials and graphics.

Headline News Nasscom Predicts Animation In India To Triple In Two Years

Nasscom, Indias premier information technology body, is betting big on the Indian animation industry, predicting the sector is all set to register an exponential growth in the coming years, according to the BUSINESS STANDARD in a report from its bureau in Bangalore, India.

Headline News Former Hallmark & Mattel Execs Hatch New Firm

Veteran industry executives Margaret Loesch and Bruce Stein have teamed to create The Hatchery, LLC, a new entertainment and marketing firm. Loesch, an Emmy Award-winning producer, was most recently president/ceo of Crown Media U.S./Hallmark Channel. Stein was formerly president/coo of Mattel Inc. Also a partner in the new production house is Emmy and Peabody Award-winning producer/writer Dan Angel.

Headline News IDT Pulls Holdings Under IDT Ent. Umbrella

IDT Corp., a multinational carrier, telephone and technology company that has been showering investment capital based on animation companies has created IDT Entertainment Inc., a new business subsidiary, which will incorporate Digital Production Solutions (DPS), IDTs existing animation company, DPS/Film Roman and its joint venture and equity interest with Vanguard Animation. Upon completion of its purchase of Mainframe Ent. in Vancouver, the CGI production house will also become part of IDT Entertainment.

Headline News WGA and IATSE Settle Father’s Pride Writers’ Dispute

The Writers Guild of America West (WGAw) and IATSE (The Animation Guild Local 839) have reached a tentative agreement regarding representation on DreamWorks upcoming animated series FATHER OF THE PRIDE, according to DAILY VARIETY.

Headline News Pooh Case Wrinkle: Milne Heir Seeks Rights

A new wrinkle has developed in the decades old battle over Winnie the Pooh licensing rights. THE HOLLYWOOD REPORTER reported that Clare Milne, the granddaughter of POOH creator A.A. Milne, has been grant a chance to regain the copyrights from the current rights holders, the Slesinger family. Judge Florence-Marie Coopers new ruling allows Milne to appeal Cooper's earlier, tentative decision, which ruled the request invalid.

Headline News Classic Media Pays $19.3M for Big Idea

On Thursday, October 30, 2003, U.S. Bankruptcy Judge John H. Squires approved Classic Medias purchase of Big Idea Productions for $19.3 million. In August, Classic Media made public its plans to purchase the VEGGIE TALES producer for $7.5 million as the troubled firm filed for bankruptcy. As part of U.S. bankruptcy law, assets of Big Idea had to be put up for auction to allow the companys creditors the best chance of recouping funds.

Headline News Cinesite (Europe) to Recruit in L.A.

Cinesite (Europe) Ltd. will be in Los Angeles to recruit artists on Nov. 6-7, 2003 for some of its upcoming vfx projects. Recruiters will be based at Loews Santa Monica Beach Hotel, and interested applicants are invited to meet with them to discuss professional opportunities in London. Please email jobs@cinesite.co.uk with resumes. Cinesite will also be holding open recruitment on Nov. 6 at 6:00 pm.

Headline News Former Nelvana Execs Hirsh & Taylor Buy CINAR

An investor group comprised of Michael Hirsh, Toper Taylor and TD Capital Canadian Private Equity Partners signed a definitive agreement Oct. 30, 2003 to acquire all of the outstanding multiple and limited voting shares of CINAR Corp. for $143.9 million in cash by way of a plan of arrangement.

Headline News Sternworld Creative Management Opens As New Rep Firm

Sternworld Creative Management, a new management firm described by its founder as the "William Morris" of creative services," has opened in Venice, California to represents a broad array of clients, including entertainment marketing, advertising, promotion and design firms. Sternworld also represents international marketing specialists, music composers and producers, and a visual effects and specialty production company.

Headline News Lions Gate Boosts Holdings with Artisan Purchase

Lions Gate Entertainment Corp. has agreed to acquire Artisan Entertainment Inc. for $160 million cash, plus the assumption of $40 million in debt, thus creating a company with more than 8,000 entertainment titles.

A Lions Gate spokesman said the acquisition includes the assumption of about $40 million in debt, putting the total value of the deal at slightly above $200 million, plus performance-based compensation.

Headline News Comet Opens Vitamin Cartoons For Service Work

Toronto-based Comet Ent. has opened Vitamin Cartoons Inc., an animation services division to provide high quality pre- and post-production services. Vitamin draws upon the skills and experience of some of Canada's most talented artists, Flash animators and directors to offers character, background and prop design, special effects design, stock breakdown planning, storyboards, slugging; X-sheets, color styling, s-reel and pre-layout.

Headline News Target Launches Kids & Animation Division

London-based Target Ent. Ltd. has moved into the kids and animation market with a new division, which launched its new catalog at this years MIPCOM Junior 2003. In addition to international sales across its portfolio of high quality drama and formats, Targets licensing and merchandising division is flourishing (started October 2002) and the company has firmly established itself in the competitive U.S. market with the opening of its New York office in January 2003.

Headline News Sony Pictures Planning 300 Layoffs to Cut Costs

With declining profits this year in entertainment and electronics, Sony Corp. has ordered Sony Pictures Entertainment to layoff as many as 300 employees throughout its key business groups at the Culver City, California-based studio, including Sony Pictures, both domestic and international TV units and Sony Pictures Digital, the LOS ANGELES TIMES reported. The layoffs, which have already begun, could save as much as $75 million a year. Last week, Sony Pictures 73-year-old chairman John Calley announced his retirement.

Headline News Plaintiffs’ Lawyers in Pooh Case Step Down

Make it eight. Eight law firms that is. Law firm Jones Day, which represent the Slesinger family in their case against Disney over Winnie the Pooh right, have stepped down, reported DAILY VARIETY. In papers filed, the law firm stepped down because the Slesinger family informed them they could no longer afford the firms services. The family has not appointed new attorneys yet. The law firm has only been involved in the 12-year long lawsuit since June. On Oct. 8, 2003, the case was moved over to a new judge, Charles W. McCoy, who is L.A.

Headline News The New Mega-Conglom on the Block: NBC Universal

On Wednesday, October 8, 2003, NBC and Vivendi Universal made official the merger of their entertainment businesses. Newly named NBC Universal joins the ranks of Time Warner, Disney and Viacom. The new mega-conglom will control a broadcast network (NBC), various cable entities (USA, CNBC, Bravo, MSNBC, Telemundo, SCI-FI and Trio), a film and television studio (Universal Pictures and Television) and theme parks (Universal Studios Hollywood and Orlando).

Headline News Disney-Pixar Compromise Offered

Disney president Robert Iger divulged on Wednesday that he has come up with a compromise to stay in partnership with Pixar Animation Studios. In a video conference with business analysts, Iger said he has offered to revise the terms of the current 50/50 profit split with Pixar in the hopes of forging a contract renewal. Disney would provide an ownership stake and greater share of the profits on Pixar's next two computer-animated features, THE INCREDIBLES and CARS, in exchange for a greater distribution fee, as reported in THE NEW YORK TIMES.

Headline News Former Nelvana Execs Bid for CINAR

The buzz coming out of MIPCOM has CINAR Corp. close to a sale of the companys assets to Michael Hirsh and Toper Taylor, former Nelvana co-founder/ceo and president of international distribution, marketing and consumer products respectively. Because Hirsh is Canadian the deal would ensure that CINAR could continue to receive Canadian tax credits.

Headline News Antefilms Acquires France Animation

Antefilms Production has announced that it has acquired France Animation, which was previously a Wanadoo subsidiary. Each company will retain its individual identity, but the deal will allow France Animation to ramp up its production line and merges two of Europes largest animation libraries of more than 1,600 half-hours. As part of the deal, Antefilms gains France Animations established marketing and licensing prowess.

Headline News Pooh Suit Secures New Judge

In what has now become the longest running lawsuit in the L.A. Superior Court, the case of POOH heirs, the Slesinger family, versus Disney has received a new judge, according to a report in DAILY VARIETY. The man in charge of complex legal suits, Charles W. McCoy, will take over for Judge Ernest Hiroshige, who requested the move. The first hearing in the next phase of this mega-suit is October 22, 2003.

Headline News Big Idea Up For Auction

Lombard, Illinois-based Big Idea Prods has announced that the company will go up for auction on October 28, 2003. As AWN reported on September 4, 2003, two days after Big Idea filed for bankruptcy, the company had announced that it had reached a definitive agreement with Classic Media LLC to purchase the companys assets for $7.5 million.

Headline News New Sony Animation Facility to Open in Japan

Just as Disney announced the closure of its Tokyo-based animation facility, word leaked out in Japan that Sony Pictures Entertainment would unveil its own animation division in Tokyo specializing in original local-language productions. And just like that, 103 animators and staffers that will be cut loose from Disney after wrapping the WINNIE THE POOH spinoff, THE HEFFALUMP MOVIE, may soon find a new home at Sony.

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