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Category: Business

Headline News

Rackable Systems Buys Silicon Graphics for $25M

THE NEW YORK TIMES reports that Silicon Graphics Inc., who once pulled in $4 billion in revenue a year, has been purchased for $25 million by Rackable Systems.

SGI, whose heyday was in 1997, produces computer graphics computers, chips and operating systems and were best known at the time for building the hardware that helped create JURASSIC PARK's vfx. Once thriving on selling computers based upon their own chips and operating systems, SGI was undercut by cheaper products from NVIDIA and Intel.

Work Headline News

Effects and Finishing Boutique Arsenal FX Launches in Santa Monica

Arsenal FX, a special effects and finishing boutique catering to a diverse global client base that spans Advertising, Film, and Sports, has announced its official launch in Santa Monica, California.

Headline News

Digimation Relocates Company Headquarters to Central Florida

Digimation, a provider of 3D content, software, and custom services to the defense and entertainment industry, is relocating its corporate headquarters from New Orleans, Louisiana to Lake Mary, Florida.

The company's new address is; 250 International Parkway, Suite 320, Lake Mary, Florida 32746.

David Avgikos, president of Digimation, said, "Our business is experiencing rapid growth, and being in Orlando puts us near our customer base, and the area's large pool of experienced 3D talent, both of which are critical as we grow our business."

Television Headline News

Sony Pictures Unites Domestic, International Television Divisions

Sony Pictures Entertainment is uniting its domestic and international television divisions as part of its strategy to produce and distribute content on a worldwide basis.

The announcement was made by Sony Pictures Chairman and CEO, Michael Lynton, and Co-Chairman, Amy Pascal.

Headline News

Beatty Sued Over Dick Tracy Rights

In an effort to regain the motion picture and TV rights to DICK TRACY, Tribune Media Services is suing Warren Beatty, reports REUTERS. In papers filed last week, Tribune states that Beatty "wrongly claims" the rights exclusively.

Beatty had purchase the rights to the yellow hat-wearing detective in 1985, later starring and director a feature film based on the character in 1990.

Headline News

Alphanim Reorganizes Commercial Ops

Alphanim has announced the organization of its commercial operations in Paris. The new organization sees the company's television and home-video distribution department join forces with its marketing and licensing activities, with all rights now managed within an integrated marketing & distribution team based in Paris.

Headline News

MTV Networks Latin America Opens New Office In Argentina

MTV Networks Latin America has opened its new office in Buenos Aires, Argentina, which will serve as the company's headquarters in region as well as a creative center for both Latin America and MTV Networks International (MTVNI).

Million Headline News

4Kids Entertainment Reports 2008 Q4, Year End Results

4Kids Entertainment posted their year-end and 2008 fourth quarter results this week, with revenues down and losses up.

Net revenues for the three months that ended December 31, 2008 totaled $14.3 million, compared to $16.5 million for the same period in 2007. The company's net loss for the three months was $19.6 million, or $1.48 per diluted share, as compared to a net loss of $16.8 million, or $(1.26) per diluted share, for the same period in 2007.

Creative Headline News

Click 3X Launches Click 3X Entertainment

Bob English, Tony Kadillak, David Edelstein, and Rob Meyers -- all from the award-winning creative team at NY-based broadcast design firm Nth Degree have recently joined forces with Click 3X to create a new broadcast design division called Click 3X Ent.

Games Headline News

Sci Fi Launches Ventures for New Games, Online Destinations

Sci Fi has partnered with Acclaim Games and ZooKazoo to develop a new series of online games and entertainment destinations. The partnerships will offer Sci Fi consumers a robust and imaginative series of immersive casual games that embody the broad appeal of the SCI FI brand. The ZooKazoo partnership represents Sci Fi's first strategic move into the youth market.

Digital Headline News

IMAX Reports 4Q Results, Net Loss Slowing

IMAX Corporation has reported a net loss per share of $0.21 for the quarter ended December 31, 2008, compared to a net loss per share of $0.25 for the fourth quarter of fiscal 2007.

During the fourth quarter of 2008, the company incurred certain charges related to the introduction of its digital projection system and the launch of new joint revenue sharing arrangement theatres. Excluding these items from the fourth quarters of 2008 and 2007, the company's loss per share was $0.11 and a loss per share of $0.21, respectively.

Headline News

Family Guy Creators Win Suit Against Wish Upon a Star Publisher

A U.S. judge ruled Monday that FAMILY GUY creator Seth MacFarlane and producers did not infringe copyright laws when they parodied "When You Wish Upon a Star" in a 2003 episode, REUTERS reports.

Music publisher Bourne Co., who owns the U.S. rights to the song made famous in the Disney animated feature PINOCCHIO, sued Fox Broadcasting Co. in 2007 for copyright breach, saying the show's parody "I Need a Jew" was a thinly-veiled copy of the music from " When You Wish Upon a Star," just with "new anti-Semitic lyrics" that did damage to the original.

Headline News

Robinson Vs. Cinar: Arguments Begin

Arguments started on March 10 for the lawsuit from author Claude Robinson against Montreal production house Cinar and are expected to go for three weeks, according to RADIO CANADA.

The author accused Cinar of having plagiarized one of his works and claims 3 million Canadian dollars in damages.

Game Headline News

Big Red Button, Emergent Game Technologies Forge Partnership

Bob Rafei and Dan Arey, founders of Big Red Button Entertainment (BRB), have entered into a strategic partnership with Emergent Game Technologies. The partnership will position Emergent as BRB's central technology resource and enhance BRB's creative vision, exceptional team and game design prowess. Marc Jackson, founder of Seahorn Capital, orchestrated the partnership and his team will continue to play a key role in building a strong foundation for this ground-breaking collaboration.

Million Headline News

Take-Two Reports Q1 Loss Despite Higher Sales

Take-Two Interactive Software posted a higher loss for the first quarter of the year, blaming high marketing costs, development and legal fees despite stronger sales.

Net revenue for the first quarter of 2009 was $256.8 million, compared to $240.4 million for the same quarter of fiscal 2008. First quarter sales were led by GRAND THEFT AUTO IV, CARNIVAL GAMES, NBA 2K9 and MIDNIGHT CLUB: LOS ANGELES.

Headline News

Disney Announces Long-Term Environmental Goals

The Walt Disney Company announced Monday a landmark set of strategic environmental goals and challenging three-to-five year targets to reduce emissions, waste, electricity and fuel use, and its impact on water and ecosystems.

The goals are part of Disney's 2008 Corporate Responsibility Report, which details the company's approach to critical corporate responsibility issues ranging from charitable giving to nutrition and from online safety for kids to workplace diversity.

Headline News

Marvel Looks Into Expanding Global Reach

Marvel Entertainment has formed an international advisory board comprised of business leaders from key international growth markets. The new advisory board will work with Marvel executives to explore opportunities for expanding the penetration of the Marvel and key character brands in international markets. The advisory board is chaired by James F. Halpin, a Marvel director since March 1995. Simon Philips, President, Worldwide Consumer Products will serve as the primary company liaison to the board.

Film Headline News

Hit Entertainment Launches Movie Division

HIT Ent. is set to launch HIT Movies, a new division dedicated to making family-oriented movies out of HIT's library of children's properties, as well as identifying and developing new stories and characters for future family movies. The launch is part of an effort by the company to expand the reach of HIT properties across a variety of platforms, and use films as a means to introduce new HIT stories and characters to a family audience.

Moonscoop Headline News

Taffy, Mike Young Get Rebrand Under Moonscoop Name

Moonscoop, and its affiliated companies Taffy Ent. and Mike Young Productions will unify under the common global brand name Moonscoop for worldwide operations. This move reflects, and is intended to capitalize on, the synergy between its television production, sales, licensing and merchandising and new media departments worldwide.

The "Taffy Entertainment" brand, which handles distribution, licensing and consumer products, and production brand "Mike Young Productions" will now all use "Moonscoop" as a common brand.

Headline News

Konami Wins Preliminary Injunction Against Upper Deck

In a statement to the press on Tuesday, Konami has detailed the behind-the-scenes issues with the YU-GI-OH! trading card game. In December 2008, Konami Digital Ent. notified its distributor, The Upper Deck Company, that the parties' agreement for distribution and marketing of Konami's YU-GI-OH! Trading Card Game (TCG) had terminated.

Headline News

Allegorithmic Opens New Office in Seoul, South Korea

Allegorithmic is opening a new subsidiary office in Seoul, South Korea, called Allegorithmic Korea.

A South Korean presence will extend the company's business into Asian markets and allow them to provide dedicated support on Substance and ProFX, Allegorithmic's technology solutions for Korea's fast-growing sector of online, casual and Free2Play games. Allegorithmic's South Korean office will be led and operated by Christian Taewon Kim.