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Category: Business

Million Headline News

Pixar Profits Up While Down on Disney Sequels

Pixar Animation Studios Inc. will not take a role in The Walt Disney Co.'s production of sequels to Pixar films, said Steve Jobs, ceo of Pixar, during a telephone conference call with analysts regarding Emeryville, California, animation studios financial results for fourth quarter and fiscal year ended January 1, 2005.

Motion Headline News

Vicon Acquires Peak Performance Technologies

By Rick DeMott | Thursday, February 10, 2005 at 12:00am

Vicon Motion Systems has acquired Peak Performance Technologies, Inc., enabling the combined company to expand its market reach, broaden its product range and strengthen the company's technology expertise in the motion capture field.

OMG Group chief exec Julian Morris commented: "We believe that this is an excellent acquisition for the group, bringing expansion into the sports market and video-based motion capture. Peak and Vicon, together, provide a compelling proposition across a wide market and product range."

Studio Headline News

Philippine Studio Marks Passage to New Home

pasi, Philippine animation studio inc., will be moving its production studio facilities on March 1, 2005, to a new home after 15 years at its current Makati, Manila location. The new facilities located in the upscale Legaspi Village, business district of Metro Makati, encompasses six floors with 3,709 square meters of production and office floor space. The building offers an upgraded technical infrastructure and floor to ceiling windows to give artists ample natural light.

Headline News

New VFX Company Liquid Images Opens

Creative director Paul Song, exec director Casey Gelvin and exec producer Valerie Schadt have launched Liquid Images, a new visual effects company in Santa Monica that will be located within the offices of Cut + Run/Los Angeles. Liquid Images provides effects and motion graphic design for commercials, main titles and broadcast design. The company is independent of Cut + Run, but will serve as the companys visual effects and finishing arm on a project-by-project basis.

Studios Headline News

TrendWatch Cites Gaming Action at Vfx/Animation Studios

According to TrendWatch Inc.s VISUAL EFFECTS/DYNAMIC MEDIA REPORT from last summer, 23% of American vfx/animation studios are allocating more resources for game development tools. Also, faster and more powerful desktop technology has enabled game developers to create compelling life-like, realistic film-like graphics. Plus, the combination of these two forces market growth and faster, more powerful technology -- is driving demand for more sophisticated magic from companies building games.

Animation Headline News

Disney’s Cook Comments on New Toon Arm/ Song of the South

By Rick DeMott | Wednesday, February 2, 2005 at 12:00am

At a Wall Street analysts meeting in Orlando, Florida, Disney studio chairman Dick Cook commented on a new animation division and the possible release of SONG OF THE SOUTH. REUTERS reports that Cook announced the studio was setting up a new animation division in Glendale to produce sequels to various Disney/Pixar collaborations. The TOY STORY 3 feature would be the first film produced with a targeted release in 2008.

Studio Headline News

Electronic Arts Cuts Jobs at Playa Vista Facility

Electronic Arts has laid off 60 development employees at its Playa Vista, California facility. EA opened the West Los Angeles campus little over a year and a half ago with the forecast of expanding to 1,000 employees in the near future.

The move was made by the facilitys exec director Neil Young, who came to the post last September after working on the LORD OF THE RINGS games and overseeing EAs Northern California-based Maxis studio.

Headline News

No New Trail in Pooh Case

On Jan. 26, 2005, a Los Angeles judge denied a new trial to Stephen Slesinger Inc. -- owners of the U.S. marketing rights for WINNIE THE POOH in their lawsuit against The Walt Disney Co., reports REUTERS. Superior Court Judge Charles McCoy threw out the initial suit last March, ruling that Stephen Slesinger Inc. had stolen evidence and tainted the case.

Software Headline News

Pipelinefx Closes Series A Financing Round With PacifiCap Group

By Rick DeMott | Wednesday, January 26, 2005 at 12:00am

Pipelinefx, a leading provider of enterprise renderfarm management software for 3D animation and interactive entertainment, has closed its Series A investment round led by Hawaii venture capital firm PacifiCap Group Llc. Several members of the UH Angel investment network also participated in the transaction.

Headline News

ShoPro & VIZ to Merge

ShoPro Ent. Inc. and VIZ Llc., two prominent North American-based companies specializing in Japanese content, are merging this spring to create a new entertainment company. The still unnamed venture, to be based in San Francisco, will leverage the unique collaboration, vision and ownership of three global powerhouses in Japanese manga and animation, Shueisha Inc., Shogakukan Inc. and Shogakukan Production Co. Ltd. (ShoPro Japan).

Marvel Headline News

Court Rules in Favor of Stan Lee Over Marvel

By Rick DeMott | Wednesday, January 19, 2005 at 12:00am

The United States District Court for the Southern District of New York ruled that Stan Lee is entitled to 10% of the profits Marvel has received since Nov. 1998 from studios for the right to produce and distribute motion pictures and television productions based on Marvel's characters, and from movie-based toys manufactured and sold by Marvel itself.

Motion Headline News

House of Moves Launches New MoCap Studio

House of Moves, a division of Vicon Motion Systems, is unveiling its top-of-the-line new facility, with stages and capabilities equipped to provide end-to-end motion capture services for clients in feature film, television, commercial, game development and interactive markets.

Animation Headline News

Lack of Labor in India Spurs Studio to Set Up Animation House in China

Bangalore-based game development company Dhruva Interactive is planning to set up a studio in China due to what it reports is a severe workforce shortage in the animation industry in India, it was reported in the zDNet India News.

"We will be setting up a studio in China in the next 12-18 months as we cannot increase the size of our teams in India," said K. Rajesh Rao, ceo of Dhruva. "We are planning to employ about 150 people in China for the studio," he adds.

Headline News

EA Moves on Sims-like TV Show, Changes DICE Deal

Electronic Arts has announced the development an interactive TV show, allowing viewers to control the characters like in THE SIMS, and a change in the deal to acquire 50% of Digital Illusions (DICE), reports REUTERS. The company is in early talks with production companies and might use a voting system to allow viewers to determine the actions of the characters.

Union Headline News

Los Simpsons Voices Strike

The Spanish-language cast of THE SIMPSONS have been on strike since October and are threatening protest marches over a contract between their union and privately-owned dubbing studio, Grabaciones y Doblajes Internacionales, reports HOLLYWOOD REPORTER. Represented by Mexico's National Actors Assn., the voice actors claim that their former employer broke an exclusivity agreement when it hired non-members of the association. Grabaciones does not deny using nonunion actors, but argues that it never signed an exclusivity contract.

Business Headline News

Navarre To Acquire FUNimation

Navarre Corp., a leading publisher and distributor of a broad range of home entertainment and multimedia software products, is in the process of acquiring 100% of the general and limited partnership interests in FUNimation Productions Ltd. and The FUNimation Store Ltd., a transaction anticipated to close before May 15, 2005.

Animation Headline News

India Strives for More Property Rights

At the Pravasi Bharatiya Divas conference in India that began Jan. 6, 2005, Indian animation firms stressed the ownership of intellectual property rights (IPR) as the key way for the industry to stretch out into the global marketplace, reports INDO-ASIAN NEWS SERVICE.

"India and China are the two places where the action is going to be," Vishal Gondal, founder and director of Indiagames Ltd. "There is a great potential for Indian animation and gaming companies to create own IPR and then hit the global market in a big way.

Blu-ray Headline News

Vivendi Universal Games & EA Join Blu-ray Disc Assoc.

Vivendi Universal Games (VU Games) and Electronic Arts have joined the Blu-ray Disc Association (BDA). Having these two leaders in multi-platform interactive entertainment strengthens support for the Blu-ray Disc high-definition optical-disc format among the world's leading gaming, consumer electronics, PC and entertainment companies.

Million Headline News

Eisner Gets 13% Raise; Board Makes CEO/Chairman Split Permanent

Walt Disney Co's board announced it has made permanent the policy to separate the roles of ceo and chairman, responding to criticism and requests from shareholders. The corporate governance guidelines now read, "the chairman of the board shall be an independent director unless the board concludes that the best interests of shareholders would otherwise be better served," and to require a written explanation in proxy materials if the two jobs were held by a single person.

Animation Headline News

Thailand Sees Big Investment in Animation

Thailand's fledgling animation industry is flying high in the hope that foreign animation companies will invest between one and two billion baht in the industry after taking part in the second Thailand Animation and Multimedia 2005 fair.

The investment may come in the form of outsourcing and joint production and ventures with local companies, according to Manoo Ordeedolchest, the president of the Software Industry Promotion Agency (Sipa). Sipa will act as a matchmaker and the investment would be spent over the next few years.

Comics Headline News

Dreamwave Comics Ends

Canadian comics publisher Dreamwaye Prods. has stopped operations and is shutting its doors. Dreamwaves line of licensed comics included TRANSFORMERS, DUEL MASTERS, TEENAGE MUTANT NINJA TURTLES and MEGAMAN. President Pat Lee cited market conditions as the reason for the closing, including "...the shrinking comicbook market combined with a weak U.S. dollar and unsustainable monetary commitments." The company was founded in 1996 by brothers Pat and Roger Lee.

Media Headline News

West Midlands Animation Development Scheme

Light House, in partnership with Screen West Midlands, and animation companies Screenburn and The CharacterShop in the U.K., are launching a new initiative to provide work placement opportunities for talented new animators with these regional animation companies.

Online Headline News

Global Gaming League & ClanBase Form Strategic Partnership

The Global Gaming League (GGL), the leader in competitive videogaming entertainment, announced a strategic partnership with, Europe's leading competition organizer for online gamers. The partnership will see the two companies working together to take competitive online videogaming to the next level by combining their respective communities and talents. Together, they form the world's largest online gaming community with more than a million players from 190 countries around the world.

Headline News

Chinese Animator Wins Copyright Battle With Nike

By Rick DeMott | Thursday, December 30, 2004 at 12:00am

Chinese Internet cartoonist Zhu Zhiqiang has won a court battle against the U.S. footwear and apparel maker Nike Inc. over the company's use of his "Little Match Man" illustration, reports the ASSOCIATED PRESS. Zhu had sought $240,000 in compensation, but a Beijing court only granted him $36,000 in compensation and forced Nike to issue a public apology to Zhu, the CHINA DAILY newspaper said.

"I got what I wanted - confirmation on my copyright over my stickman," Zhu said.

Headline News

5,000-Year-Old Animation Found in Iran

By Rick DeMott | Thursday, December 30, 2004 at 12:00am

A 5,000-year-old animated piece on an earthen goblet was found in Burnt City in Sistan-Baluchistan province, southeastern Iran, reports IRANIAN.WS. On this ancient piece, the artist portrayed a goat jumping toward a tree to eat leaves.

The earthenware found in Burnt City, one of the most developed of ancient civilizations, show the images of goat and fish more than any other subject.