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Category: Business

Million Headline News

Hasbro Reports First Quarter Results

Press Release from Hasbro, Inc.

First Quarter Highlights-- Net revenues of $621.3 million compared to $704.2 million a year ago; 2009 revenues include a negative $40.2 million impact from foreign exchange, in constant dollars revenues declined 6%; -- Net earnings of $19.7 million or earnings per diluted share of $0.14 compared to $37.5 million or $0.25 per diluted share a year ago.

Headline News

Children's Virtual World Company Tribal Nova Gets $3 Million

Press Release from Tribal Nova

MONTREAL, April 16 -- Tribal Nova, a Montreal based developer and operator of parent-friendly virtual worlds and online educational gaming services for 3-12 year olds, announced today the closing of a $3 million growth financing round from iNovia Capital and ID Capital.

Post Headline News

Vapor Post Aligns With Mexico's Digiworks to Launch Vapor Post Interactive

Press Release from Vapor Post

MIAMI (April 16th 2009): Vapor Post, the Miami-based boutique post-house (, is pleased to announce the formation of Vapor Post Interactive through an alliance with Digiworks, one of Mexico City's leading interactive agencies (

Headline News

Terminator Salvation Lawsuit Dismissed With Prejudice, Settlement Reached

Press Release from Halcyon Co.

OS ANGELES -- Halcyon Co. co-CEOs Derek Anderson and Victor Kubicek and producer Moritz Borman announced today that Mr. Borman's lawsuit against Halcyon has been dismissed with prejudice after the two sides amicably resolved all of the outstanding differences between them related to the upcoming film TERMINATOR SALVATION.

Digital Headline News

Moddler Shows Shape of Things to Come for Model Creation Via 3D Printing

Press Release from Moddler

San Francisco, CA, April 17 -- 3D printing company Moddler has formed to offer high quality physical models of 3D digital creative assets for entertainment industry content producers including film and television production studios, visual effects and animation studios, game companies and individual artists, announced principal and founder John Vegher, a VFX veteran and Emmy Award winner.

Headline News

Activision Blizzard's March Quarter Looking Up

SANTA MONICA, Calif., April 16 -- Due to the better-than-expected performance of its titles at retail, Activision Blizzard (NASDAQ:ATVI) announced today that its March quarter net revenues and earnings per diluted share are tracking ahead of the company's prior outlook. On February 11, 2009, the company provided an outlook for the March quarter of $860 million in GAAP net revenues and GAAP earnings per diluted share of $0.08. On a non-GAAP basis, on February 11, 2009, the company provided an outlook of $550 million in net revenues and earnings per diluted share of $0.03.

Entertainment Headline News

4Kids in Violation of NYSE Listing Standard

Press Release from 4Kids Entertainment, Inc.

NEW YORK -- 4Kids Entertainment, Inc. (NYSE: KDE), the global children's entertainment and merchandise licensing company, today announced that it has been notified by NYSE Regulation, Inc. that it is not in compliance with one of the continued listing standards of the New York Stock Exchange (NYSE).

Headline News

Phoenix Editorial Launches Sister Company Bonfire

Press Release from Phoenix Editorial

San Francisco, CA (April 14, 2009) -- Phoenix Editorial announced that it has launched Bonfire, a motion design and integrated media company. The company has also promoted Julia Sonder-Patchin from producer to executive producer, where she will oversee creative output across Phoenix Editorial and Bonfire under the aegis of company president Lisa Hinman.

Animation Headline News

China Digital Animation Development Gets New Contract

Press Release from China Digital Animation Development, Inc.

NEW YORK, April 14, 2009 -- China Digital Animation Development, Inc. (OTC BB:CHDA.OB - News) announced that it has signed a contract with China Harbin PINGE Culture Communication Corporation for a post-production project consisting of a series of 56 animated renderings. The project will commence immediately, and it is expected to be complete in 6 months. The total project value is US$800,000.

Headline News

Konami Digital Prevails in Appeal Proceedings against Upper Deck

Press Release from Konami Corporation

El Segundo, CA (April 15, 2009) -- The Amsterdam Court of Appeal ruled in favor of Konami Digital Entertainment B.V. (KDE) in appeal proceedings against Upper Deck International (UDI). UDI had requested a preliminary injunction to compel KDE to accept UDI as its exclusive distributor for Europe, Oceania and Latin America. On April 7, 2009, the Court of Appeal rejected all of UDI's claims.

Headline News

Nerd Corps Sues Kidz Ent. for Back Fees

Nerd Corps Entertainment has filed suit against Danish licensing agent Kidz Entertainment surrounding payment of show delivery of STORM HAWKS, according to KIDSCREEN.

Filed in January in British Columbia, the suit alleges that Kidz agreed to pay $267,300 (approximately) for the delivery of 26 episodes of action series STORM HAWKS and marketing and licensing the property in Denmark, Finland, Sweden, Norway and Iceland.

Headline News

StudioGPU and AMD Enter Into Strategic Relationship

Press Release from StudioGPU and AMD

Los Angeles, Calif., April 14, 2009 -- StudioGPU, a pioneer in real-time 3D CG workflow solutions today announced it has entered into a strategic relationship with AMD (NYSE: AMD). Terms of the relationship between StudioGPU and AMD were not released.


Cartoons on the Bay: A Different Bay, A Different Festival

By Dan Sarto | Friday, April 10, 2009 at 10:15am

Cartoons on the Bay debuted in their new, more post-MIPTV friendly location. Now held in the three towns of Rapallo, Santa Margherita Ligure and Portofino, the festival is just one jaw-droppingly stunning ride away from Cannes. What a place!

Headline News

MyToons Shuts Down

Online animation site MyToons has been shut down. The company laid off between 20 and 27 people in January (according to blog TechCrunch), and have now closed their doors.

The company sent out emails to their store sellers informing them of the close, and their site ( is effectively shut down as well, with the page leading to a cartoon bouncer with the words, "MyToons has closed. Thank you for all your support." at the top.

Million Headline News

Corus' Revenue, Profits Up, Income Down for Q2

Corus Ent. announced its second quarter financial results today.

Consolidated revenues for the three months ended February 28, 2009 were $181.4 million, up 1% from $178.7 million last year. Consolidated segment profit was $51.0 million, up 3% from $49.7 million last year. Net income for the quarter was $29.0 million ($0.36 basic and diluted), compared to net income of $35.4 million ($0.42 basic and $0.41 diluted) last year.

Licensing Headline News

VIP Licensing Expands to New York

VIP, the Paris-based international licensing agent, announces the opening of their U.S. office in New York.

"Since we manage U.S. and North American rights of several licenses several licenses and the fact that we have gotten interest in several of our properties for cross territorial deals from U.S.-based licensees we thought it would be best to set up an agency in the U.S.," said Gregoire Parcollet, president.

This move is VIPs first step in the rollout of their international strategy.

Headline News

Check Your Pay at

For all those job-hunters in creative fields who need a strategic edge in the salary negotiation process -- or who simply could benefit from the motivation salary knowledge can provide, Industry Wages Inc. has delivered a new tool. The company has launched the website ( as a free way for these professionals and students to determine the latest information on salaries and hourly wages in their market.

Headline News

Will Wright Leaves EA to Form Stupid Fun Club

EA is making an equity investment in Stupid Fun Club, Will Wright's new adventure. Stupid Fun Club is an entertainment think tank developing new Intellectual Properties to be deployed across multiple fronts including video games, movies, television, the internet, and toys. Will Wright is leaving EA to run Stupid Fun Club.EA and Wright each own equal percentages of Stupid Fun Club and are the principal shareholders. In addition, EA has the right to develop game concepts that spring from Stupid Fun Club projects.

Coolabi Headline News

Coolabi Entering Reserse Takeover Talks

U.K. children's television producer Coolabi Productions is just starting reverse takeover discussions, according to multiple news outlets.

KIDSCREEN reports that shares were suspended on the AIM Index in London after the announcement was made. Revenue for the last six months of 2008 was down to $776,000, from $1.3 million in the same 2007 period. Their licensing revenue has seen a 40 percent increase in the last year, thanks to demand for PURPLE RONNIE and SCARLETT & CRIMSON products.

Media Headline News

ER Bought By Classic Media Founders

C21MEDIA is reporting that Entertainment Rights is now going into administration, selling its U.K. and U.S. subsidiaries to Boomerang Media. Boomerang is a U.S.-based group founded by the founders of its subsidiary, Classic Media.

ER said in a statement, "Despite the financial support of the group's lender, the group has been unable to achieve a solvent restructuring of the company," and has appointed administrators Nicholas Guy Edwards and Carlton Malcolm Siddle of Deloitte, effective immediately.

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.