For the third quarter of 2006, DreamWorks Animation SKG Inc. reported total revenue of $55.6 million and net income of $10.5 million, or $0.10 per share on a fully diluted basis. This compares to revenue of $87.1 million and net loss of $0.7 million, or $(0.01) per share on a fully diluted basis, for the same period in 2005. The studio ended the third quarter of 2006 with $536.0 million of cash and cash equivalents.
Hatch Studios Ltd. has launched in Toronto as a full service animation and motion graphics/design studio and is already up running with its first two commercial campaigns for Bicks Pickles and the Ford F-150 Series.
Hatch specializes in quality commercial production, broadcast design, feature film, television series and animation for the Web. Experienced, award-winning talent includes animation director Richard Rosenman, exec producer Randi Yaffa and motion graphics designer/director Larissa Ulisko.
The Tom Lynch Co., indie maker of such teen/tween programs as SOUTH OF NOWHERE and ROMEO!, has launched a new division, Tom Lynch Co. Animation, specializing in animated programming for television, film and the Internet.
Electronic Arts put on line today (Oct. 25, 2006) a new studio in downtown Chicago to focus on next generation videogames. Housed at 215 West Ohio Street is the development team is best known for the hit EA SPORT Fight Night franchise. The group is working on three state-of-the-art games for the PlayStation3 and Xbox 360, including the hip-hop lifestyle game, DEF JAM: ICON, as well as a licensed title and a new intellectual property in the fighting videogame genre.
NBC Universal announced NBCU 2.0, a wide-ranging strategic initiative to assure future growth, streamline and strengthen operations and exploit opportunities created by the rapidly evolving digital and global marketplace.
Since a September ruling by the Chinese government that prohibited foreign-produced cartoons from airing every evening from 5:00 to 8:00 pm, local production has began to grow and more students are joining animation schools to take advantage of the wave of new jobs in the industry, reports ChannelNewsAsia.com.
As a result, Beijing Glorious Animation has started adapting one of China's favorite cartoon series, SANMAO, into an animated series. The comic chronicles the adventures of a young boy growing up in Shanghai during the 1930s.
Atari, Inc. has completed the sale of Shiny Ent. to Foundation 9 Ent. The sale completes the operational streamlining and portfolio refocus by Atari announced in early 2006.
David Pierce, president/ceo of Atari said, "We now have a centralized organization that can utilize external studio execution while maintaining internal focus on creative development and production."
Atari will retain its current project planning formerly developed by Shiny, including EARTHWORM JIM. Financial terms of the agreement were not disclosed.
In Marshall, Missouri, the Marshall Public Library has removed two graphic novels FUN HOME by Alison Bechdel and BLANKETS by Craig Thompson from circulation, reports the DEMOCRAT-NEWS. The graphic novels will remain off the shelves until the library board drafts a new policy regarding graphic novels after looking into what other libraries throughout the state have done in this arena, said board president Anita Wright.
Microsoft co-founder Paul Allen has exercised a right to force DreamWorks Animation to sell about 14 million shares to the public in a secondary offering following the Nov. 3 release of FLUSHED AWAY, reports BLOOMBERG NEWS.
The complicated move would not only dissolve Allens partnership with Steven Spielberg, Jeffrey Katzenberg and David Geffen, but also allow the Microsoft co-founder to benefit from the stock sale in the long run if the shares sell at a low price now.
Novocom, a creative services agency specializing in the design and production of motion graphics for the global broadcasting industry, has completed a corporate restructuring, and will celebrate its 25th anniversary in conjunction with MIPCOM 2006.
Google Inc. announced that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand.
Yoram Gross-EM.TV, a leading producer of children's animated programming and family entertainment, revealed their new corporate identity Flying Bark Prods.
Following the acquisition of the remaining 50% of Yoram Gross-EM.TV by EM.Ent. GmbH at the beginning of the year, the company is now being re-branded and re-structured with the new Flying Bark identity. The primary divisions of Flying Bark Prods. include Greenpatch Prods., Forest Interactive and Trackdown.
Sony Pictures Television Intl (SPTI) and Minimax, one of the leading childrens TV channels in Central Europe, announced SPTIs acquisition of A+, a dedicated channel for anime programming that airs on Minimax in Hungary, Romania, the Czech Republic and Slovakia. The channel will be part of SPTIs international networks group, which includes more than 45 channels around the world.
According to THE WALL STREET JOURNAL, Google is in negotiations to buy YouTube. Both companies have yet to comment on the reports. The article states that Google is floating $1.6 billion as a possible pricetag for the viral video site. YouTube founder/ceo Chad Hurley previously said he was not adverse to either an IPO or a sale of his quickly growing media phenomenon. However, media experts have also sighted YouTubes legal woes with companies over copyright violations as a stumbling block for any acquisition.
The Hong Kong film industry has issued a second warning letter to 20 Bit-Torrent file-sharing software users demanding HK$23,400 ($3,000) for downloading illegal copies of locally produced films, VARIETY reports.
The users were uncovered after the courts ruled ISPs had to turn over names, Hong Kong identity card numbers and postal and billing addresses of the accused copyright infringers.
Haim Saban has launched a new venture to develop family programs, according to REUTERS.
Saban's L.A.-based private equity firm Saban Capital Group Inc. will form a virtual studio, employing freelance producers, writers and artists. The new company will fund global programming that can be exploited across different delivery systems, including video games, mobile devices and broadcast TV.
"I am thrilled to return to my roots and focus on developing media properties for children and families," Saban said in a statement.
Electronic Arts has acquired Digital Illusions CE (DICE), the development team and creators of the BATTLEFIELD game franchise. Stockholm, Sweden-based DICE becomes a fully integrated EA studio dedicated to growing the Battlefield franchise and developing new products for the PC, next generation consoles and other new platforms.
Disney Animation (DA) breaks new ground connecting talent to animation opportunities with its first-ever online artistic submission portal. Artists may submit their demo reels and/or portfolios www.DisneyMouseLink.com, the company says is a secure web-based upload system that is convenient and progressive.
DisneyMouseLink.com was developed in-house and allows interested applicants to submit their résumés, demo reels, and/or portfolios. This portal is an industry first that will allow greater connectivity to the artistic community.
Vivendi Games announced today (Sept. 28, 2006) it has purchased two development studios, Secret Lair Studios, located in Issaquah, Washington, and Studio Ch'in in Shanghai, China. The Studio Ch'in purchase is subject to the approval the People's Republic of China under Chinese Law, and Vivendi Games is in the process of obtaining such required approval. Financial terms of the transaction were not disclosed.
News Corp. and VeriSign announced a joint venture to form the worlds largest provider of mobile entertainment. News Corp. will pay approximately $188 million for a controlling interest in VeriSigns wholly-owned Jamba subsidiary and will combine it with Fox Mobile Ent. assets.
The new company will serve 30 territories with a potential reach of more than a billion mobile subscribers. The new firm intends to retain the Jamster brand in the U.S. and the Jamba brand worldwide.
New Line Cinema has signed a two-year, first-look production deal with Samuel L. Jackson.
Jackson most recently starred in NEW LINES SNAKES ON A PLANE, which debuted at #1 in its Aug. 18 opening weekend. He has appeared in more than 100 films, which have collectively grossed approximately $6 billion at the box office more than any other actor in the history of filmmaking. Jackson has starred in such recent hits as COACH CARTER and George Lucas trio of STAR WARS prequels.
In accordance with the Philippines growing Cyber Services Corridor, Filipino president Gloria Macapagal-Arroyo, during a roundtable discussion, applauded the Filipino animators for their talents and creativity, which, she said has made the animation industry in the country boom.
Arroyo cited THE INCREDIBLES as her favorite film, because it was partly made in the Philippines and one of its main characters Violet was designed by Filipina 3D animator Virginia "Gini" Cruz.
Corus Ent. Inc. announced a new organizational structure for its television and content divisions. Corus Ent.s will focus on its kids portfolio highlighted by the integration of Nelvana Studios into the television division and the creation of Nelvana Enterprises, a separate business unit that will focus on leveraging Corus intellectual property internationally.
HIT Ent. is expanding with a new office servicing the Asia Pacific region in Hong Kong. HITs Asia Pacific licensing, TV sales and distribution will be handled out of Hong Kong, enabling the company to work more closely with its broadcasting partners, licensees and licensing agents.
The Hong Kong office will service Australia, Korea, South East Asia and India. HIT already operates an office in Japan.
The Warner Bros. Television Group is establishing a new digital production venture, dubbed Studio 2.0, which will work with creative talent and advertisers to create original live-action and animated short-form programming for broadband and wireless devices. WBTVG has tapped multi-award-winning producer and senior advertising exec Rich Rosenthal to head Studio 2.0.