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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.

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.

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.

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).

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.