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Category: Business

Movie Headline News

UTV Moves Film Operations Overseas

Mumbai-based entertainment powerhouse UTV Software Communications announced that its is moving its film activities to an overseas subsidiary, UTV Motion Pictures, which will be listed on the London Stock Exchange's Alternative Investment Market, according to THE HOLLYWOOD REPORTER.

UTV has recently dipped into co-productions on English languaged productions, including THE NAMESAKE, I THINK I LOVE MY WIFE and M. Night Shyamalan's forthcoming thriller, THE HAPPENING.

Brand Headline News

DIC Forms Global Brand Management Division

DIC Ent. has formed a Global Brand Management division to create a dynamic synergy among the company's key divisions -- Television, Home Ent. and Consumer Products. Nancy Fowler, head of global Sales, will oversee Brand Management, as well as continue to head the domestic and international Consumer Products, Television, Home Ent. and Marketing divisions at DIC. Fowler reports to Jeffrey Edell, president of DIC.

Headline News

Ghost Rider Creator Sues Marvel, Sony & More

Gary Friedrich, the creator of GHOST RIDER, has filed suit against Marvel Enterprises, Sony Pictures Ent., Columbia TriStar Motion Picture Group, Relativity Media, Crystal Sky Pictures, Michael De Luca Prods., Hasbro Inc. and Take-Two Interactive, alleging an illegal "joint venture and conspiracy to exploit, profit from and utilize" his copyrights to the Ghost Rider character.

Animation Headline News

Colorland Animation to Acquire Evanton

Colorland Animation Ltd. has entered into a conditional sale and purchase agreement to acquire Singapore-based Evanton Pte. Ltd., which manufactures pharmaceuticals for animals, for $158.5 million in shares, reports BAYSTREET.CA. Colorland will issue nearly 2.2 billion shares to the vendors. The transaction is pending upon all necessary approvals and that Colorland company remains on the Singapore stock exchange.

This will allow Colorland Animation to branch out into a new business, animal pharmaceuticals.

Animation Headline News

Centraline Animation Expands into Merchandising, Publishing

Malaysia-based animation firm Centraline Animation Sdn Bhd has announced that it plans to expand into merchandising and publishing Q3 2007, reports BUSINESS TIMES. With an estimated revenue of RM6.8 million for 2007, the production house projects that 20% will come from merchandising. The products to be sold in Malaysia and China will include action figures, DVDs and apparel.

International Headline News

DIC, Sparrowhawk & Corus/Nelvana Launch KidsCo Channel

Sparrowhawk Media, DIC Ent. and Corus Ent. Inc.s Nelvana Enterprises have created a strategic joint venture to launch KidsCo, a multi-platform global television channel for children and families. The first launch of KidsCo is anticipated this fall in central and eastern Europe with subsequent premieres throughout 2008 and 2009 in approximately 40 territories across Europe, Latin America and Asia Pacific.

Headline News

Paradox Opens Genre Brain Trust

Production house Paradox Ent. has started its own genre division called Grey Matter, according to THE HOLLYWOOD REPORTER. The new arm will make $5 million-budgeted features for video and limited theatrical release. Daniel Wagner will serve as vp production and Thommy Wojciechowskicq, former manager of creative affairs at Paradox, will serve as vp development for the new entity.

Million Headline News

Katzenberg Receives $1 Salary for 2006

DreamWorks Animation SKG ceo Jeffrey Katzenberg was paid $1 in total compensation in 2006 upon waiving a stock grant that was to have been valued at $5 million, reports the ASSOCIATED PRESS.

Katzenberg, along with David Geffen and Microsoft co-founder Paul Allen, controls a majority stake in the company. Geffen and Katzenberg together control 79% of the voting power.

Animation Headline News

Think Corp. Starting Animation Fund

Japanese animation firm Think Corp. has set up a limited liability partnership fund to raise money for animation production and equity finance, reports VARIETY. The Y2 billion ($17 million) fund will hold an investment period of seven to nine years. Think will put in $854,700 with the Japanese government pitching in $8.54 million and the rest coming from private investors.

Disney Headline News

Claims Dismissed in Disney Pooh Case

In yet another chapter in the lengthy court case pitting Slesinger family against the Walt Disney Co. over WINNIE THE POOH licensing rights, a federal judge on March 27, 2007, dismissed three claims against Disney, reports THE LA TIMES.

However, U.S. District Judge Florence-Marie Cooper set aside nine other claims, pending the Slesinger's appeal of a related state court case.

"We're pleased with the court's decision," said Daniel Petrocelli, Disney's attorney.

Disney Headline News

Starz Sues Disney Over Movie Downloads

Starz Ent. Llc. filed suit today (Mar. 22, 2007), in Los Angles against Buena Vista Television (BVT), a subsidiary of The Walt Disney Co., for copyright infringement and breach of contract because Disney recently began to sell for transmission over the Internet the same movies that Disney licensed exclusively to Starz. Starz filed the suit in the US District Court for the Central District of California.

Headline News

Communications Vet Feldman Launches New Management Consulting Firm

A new management consulting firm for communications in entertainment industry was announced today (March 19, 2007), Feldman & Partners, to be headed by Bob Feldman, a 25-year communications veteran with experience on both the agency and corporate sides. Feldman recently was the head of corporate communications at DreamWorks Animation SKG.

The firm will offer services in seven distinct areas, relevant to ccos, as well as senior agency execs:* Helping with organizational structure for maximum impact and productivity;

Headline News

Carol Burnett Sues Fox Over Family Guy

Comedian Carol Burnett has issued a suit in U.S. District Court against 20th Century Fox, claiming that an episode of FAMILY GUY violated copyright law, her right to publicity and misappropriation of name and likeness. In the "Peterotica" episode, Burnett's "Charwoman" character is represented as Burnett working in an adult film shop. Burnett is seeking damages of more than $6 million.

Headline News

Disney Board Finds Pixar Backdated Stock Options

The Walt Disney Co. said today (March 16, 2007) that while stock option awards to some employees of Pixar Animation Studios were backdated, the board's audit committee found, "no one currently associated with the company engaged in any intentional or deliberate acts of misconduct," Disney chairman John E. Pepper said in a statement.

The stock option grants were made to key Pixar employees before Disney acquired the company last year.

Marvel Headline News

Stan Lee Media Sues Marvel for $5 Billion

Having just emerged from bankruptcy protection on Dec. 6, 2006, Stan Lee Media, today (March 15, 2007), filed suit against Marvel Ent. worth $5 billion. In the suit, Stan Lee Media is claiming co-ownership of all Stan Lee's co-creations for Marvel, including Spider-Man, X-Men and the Incredible Hulk. Stan Lee Media requests half of Marvel's earnings derived from those creations, in addition to damages and legal fees.

Foundry Headline News

The Foundry Acquires NUKE from D2 Software

The Foundry of London, which recently won an Academy Award for development of the Furnace suite of plug-ins, announced at its 10-year anniversary party last Friday, March 9, that it has acquired D2 Software's flagship NUKE compositing software.

The Foundry also makes Keylight (another Academy Award winner) and Tinder plug-ins, and is the creator and major supporter of the OFX plug-in standard, plug-ins that are currently supported within NUKE.

The following statement can be found on The Foundry website:

India Headline News

Sony Pictures Imageworks May Shift Jobs to New Mexico

Sony Pictures Imageworks has proposed moving more than 100 jobs from Culver City to New Mexico if lawmakers approve a state bill next week that would make permanent an existing program providing a combined 25% rebate on taxable production expenses, reports THE LOS ANGELES TIMES.

A proposed 112,000-square-foot digital facility would be housed within the newly opened Albuquerque Studios. The partial relocation would not only reduce the cost of making vfx and 3D animation, but also ease the burden of the Culver City facility that currently operates at full capacity.

Youtube Headline News

Viacom Sues YouTube for $1B

Viacom Inc. has filed a federal copyright infringement lawsuit against YouTube, seeking more than $1 billion in damages. Additionally, Viacom wants an injunction forcing Google and YouTube from posting clips of Viacom-owned content. The complaint contends that almost 160,000 unauthorized clips of Viacom's programming have been available on YouTube and that these clips had been viewed more than 1.5 billion times.

Disney Headline News

Disney Shareholders Elect All 11 Directors At 2007 Annual Meeting

The Walt Disney Co. shareholders overwhelmingly elected all 11 members of the board of directors at the 2007 annual meeting on March 8.

New Disney chairman John E. Pepper, Jr. welcomed shareholders to the first annual meeting ever to be held by Disney in New Orleans.

Headline News

New Animation Center to Open in Malaysia

Malaysian deputy prime minister Datuk Seri Najib Tun Razak announced in Seoul, South Korea the establishment of an animation center in Cyberjaya, reports The center, located in the Multimedia Super Corridor (MSC), will be operated by the Multimedia Development Corp. (MDeC) and will serve as the main platform for Malaysian entrepreneurs in the field to tap into the global market.

Production Headline News

Digital Outlook Launches New Production Arm

London-based online marketing and creative agency Digital Outlook is launching its own production division to develop, produce and distribute character-based intellectual properties online, as well as across all media, including TV, licensing, retail and publishing.

The new studio seeks production partners and creative talent to work with on content and brand creation. The studio already has an active development slate and plans to develop and exploit up to 10 franchises over the next two years.

Film Headline News

New German Rebate System for Film Production

In an upcoming talk in Los Angeles, the mayor of Berlin, Klaus Wowereit, and the regional film funding body, Medienboard Berlin-Brandenburg, will explain to an L.A. audience how American producers can profit from the new German Federal Film Fund (DFFF) which offers a 20% rebate on every Euro spent. They will also present the advantages of Berlin-Babelsberg as one of Europe's most attractive centers for filmmaking. The presentation will take place on Tuesday, March 13, 2007, from 6:00 to 8:00 pm at the Peninsula Beverly Hills Hotel.