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Category: Business

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!

Headline News

Revolver Secures $ 2 Million In A New Round Of Funding

Israel-based Revolver animation and game technologies, has secured more than $2 million from Maayan Ventures and from private investors. Revolver will use the investment to expand its research and development activities as well as its global marketing initiatives. Arie Scope, former CEO of Microsoft Israel currently serves as Revolver's Chairman of the Board.

Comics Headline News

TOKYOPOP And Gentosha Comics Ink Distribution And Development Deal

Global manga giants TOKYOPOP and Gentosha Comics have entered into a worldwide partnership to advance the cause of the manga revolution. Under the terms of the alliance, TOKYOPOP will provide sublicensing agency services (outside of Asia, France, and Italy) for Gentosha Comics's world-class library of manga hits, including titles like GRAVITATION, LAMENT OF THE LAMB, and ARM OF KANNON.

The companies will also pursue a wealth of co-development opportunities in the digital, film, and merchandising spaces.

Headline News

Cookie Jar Ent. Closes DIC Transaction

Cookie Jar Ent. has closed its previously-announced merger transaction with DIC Ent. Effective immediately, DIC will operate as a wholly-owned subsidiary of Cookie Jar.

Stockholders on Monday voted to approve the $87.6 million deal.

Cookie Jar and American Greetings also announced that all litigation involving DIC, the licensing agreement between American Greetings and DIC for STRAWBERRY SHORTCAKE, and Cookie Jar's acquisition of DIC has been dismissed.

Television Headline News

Entertainment One Expands

Entertainment One has acquired three television content suppliers: Blueprint Ent., Barna-Alper Productions, Maximum Films and Oasis International.

As a result, Blueprint is now part of a public company trading on the AIM exchange in the U.K. and operating as a fully integrated film and television production and distribution company with offices in Toronto, Los Angeles, Montreal, New York, London, Holland and Belgium.

Headline News

House Of Cool Studios Acquires Red Rover Studios

Toronto-based animation and commercial house Red Rover Studios has been acquired by House of Cool Studios, combining the two company's creative talent.

"We are very excited about the melding of the two creative teams," says House of Cool Co-owner Ricardo Curtis. "The majority of the artists who made Red Rover one of the leading CG commercial houses in the country, have joined forces with the designers, story artists, and directors from House of Cool, to make a Canadian animation studio, capable of everything from high end 3D commercials, to full length feature film."

Animation Headline News

MyToons Secures Venture Funding has completed its second round of funding led by Syncom Venture Partners and Barshop Ventures. The capital will be used to support MyToons' continued technology infrastructure development and revenue growth, as well as expanded global partnerships. Launched in spring of 2007, provides global content creators with a platform to promote and share their original animations, artwork, and games with animators, enthusiasts and fans world-wide.