Cisco Systems Inc., the worldwide leader in networking for the Internet, signed a definitive agreement to acquire Scientific-Atlanta Inc. Scientific-Atlanta is a leading global provider of set-top boxes, end-to-end video distribution networks and video system integration. The combined entity creates a world-class universal digital communicator for watching video, making phone calls and shopping online.
Paramount Pictures has entered into a three-year first look deal with SOUTH PARK creators Trey Parker and Matt Stone, setting them up as ceos of their new company Trunity. Trunity, a Mediar company, a division of True Mediar, a Unity Corpbopoly, will be based on the Paramount lot.
Tonronto-based companies Comet Ent. Inc. & BBI Computers Telecommunications have signed a joint venture for the development of several business opportunities including:
* Distribution of Olympic licensed products for the upcoming Olympic games.* Distribution and promotion of sports events merchandise.* Promotion of Olympic athletes.* Promotion of Greek participation in AMERICAS CUP.* Marketing campaign for the promotion of the Greek Film industry.* Creation and development of the animation industry in Greece.
Is the animation industry in Australian on its last legs? In a report on SMH.com, the head of Walt Disney Co.'s Australian operations thinks this may be the case with the closing of DisneyToon Studios Australia (DTSA).
However, DTSA gm Philip Oakes is bit more positive. He plans to launch a new animation house in Sydney.
Walt Disney Television Animation (DTVA) has been folded into Disney Channel Worldwide with a corresponding new departmental structure for the division. Rich Ross, president, Disney Channel Worldwide, made the announcement today, (Nov. 15, 2005) on the heels of the resignation of Barry Blumberg, former president, Walt Disney Television Animation, yesterday.
Look Effects, the Hollywood-based visual effects company whose credits include THE LIFE AQUATIC, THE PASSION OF THE CHRIST, INTO THE BLUE, MALCOLM IN THE MIDDLE and CSI: NY, is expanding and relocating to state-of-the-art facilities inside Hollywoods historic El Capitan Theatre: 6834 Hollywood Blvd., Suite 300 Hollywood, California, 90028.
Christie Digital Systems now has a competitor, as Thomsons Services division has reached digital cinema usage agreements with DreamWorks, Sony Pictures, Universal Pictures, and Warner Bros. to accelerate the deployment of digital cinema systems in North America. In addition, the company is in late stage negotiations with Twentieth Century Fox, New Line Cinema, and The Weinstein Co., and expects these studios to be part of the initial deployment.
China and South Korea have signed an agreement to help each other promote and develop China's Changsha Cartoon Art Festival (CCAF) and the Seoul International Cartoon & Animation Festival (SICAF) into the largest animation festivals in China and South Korea, according to CHINA KNOWLEDGE PRESS.
The agreement was signed Nov. 10, 2005, at the fourth Changsha Cartoon Art Festival (CCAF) in Hunan province.
The NBC Universal Entertainment Associate Program is now accepting new candidates for the 2006 class that offers career development opportunities for external and internal applicants interested in creative entertainment programming.
Jeff Zucker, president, NBC Universal Television Group, said, "We are extremely proud of the Entertainment Associate Program and the top creative executives it has produced throughout the years and we look forward to recruiting talented future programmers for our 2006 class of Entertainment Associates."
Artist-owned-and-operated Brickyard VFX announced the launch of a CG division, extending the companys on-site visual effects capabilities to include character modeling, animation and rendering in full 3D. The move, which includes the hiring of industry talents Jay Lichtman, Robert Sethi and Yafei Wu, is already allowing the bi-coastal effects studio to complete more and different types of client work.
Sony Pictures Ent. (SPE) has created a new department, Corporate Alliances, to maximize collaboration with other Sony groups.
Toshino Yuhaku has been named vp, Corporate Alliances. Yuhaku is an 11-year Sony vet with experience in Sony offices in Japan and America. Yuhaku will report to Beth Berke, evp/cao for SPE, who announced the departments creation.
The move reflects SPEs support of the initiative recently presented by Sir Howard Stringer, Sony Corp. chairman/ceo, called Sony United.
IDT Ent. today (Nov. 3, 2005) agreed to acquire a major Australian-based independent distributor of theatrical, video and DVD product, Imagine Ent. This increases Imagines offerings with the assets of IDT Ent.s home entertainment subsidiary, Anchor Bay, an established leader in the field that boasts an expansive selection of theatrical films, television series and childrens and fitness titles.
Faced with a revenue slowdown and budget tightening, Warner Bros. Ent. plans to layoff 400 employees companywide in Burbank, 250 of which were notified on Wednesday, VARIETY reports. There are currently 4,550 employed at the Burbank studio.
Each of the studios four divisions is affected: Warner Bros. Pictures, Warner Bros. Home Ent. Group, Warner Bros. Television Group and Warner Bros. Consumer Products in addition to the studios new specialty division, Warner Independent Pictures, which was slashed by 10%, including production head Michael Andreen.
Universal Pictures became the third major movie studio to support digital distribution with Christie/AIX, following similar agreements with Twentieth Century Fox and The Walt Disney Co.s Buena Vista Pictures.
Universal will make its future feature films available to the DCI-compliant digital projection systems deployed by Christie/AIX, the subsidiary of Access Integrated Technologies Inc. (AccessIT), which is launching a nationwide rollout of 4,000 systems. Christie/AIX expects to install the first 150 systems in multiple exhibitor locations by Dec. 31.
Leaders from Asian countries gathered for a high-level seminar which opened Oct. 28, 2005, in Tokyo to enhance Asia-wide cooperation to produce animated movies, games and other cultural products, reports KYODO NEWS. Ministers from Japan, China, South Korea, India and the 10 members of the Assoc. of Southeast Asian Nations are gathered to recognize the importance of movies and animation produced and widely circulated in the region.
Susquehanna Pfaltzgraff Co. and Comcast Corp. announced that they have signed a definitive agreement to sell Susquehanna Communications (SusCom), the cable television and broadband services division of Susquehanna Pfaltzgraff, to Comcast. Susquehanna Pfaltzgraff announced earlier this year that it would sell the business, citing changes in corporate and family circumstances.
Lucasfilm Ltd. officially opened the doors of Lucasfilm Animation Singapore, a digital animation studio designed to produce movies and television for global audiences. The studio was created through a consortium that includes Lucasfilm Ltd., EDB Investments and Creative Technology Ltd.
Vinton Studios Commercial Division will be known as LAIKA/house, effective immediately, a change to complete the transition started in July of this year after LAIKA absorbing Vinton Studios, a leading producer of character animation in all formats for over 30 years in Portland, Oregon.
Warner Bros. Entertainment has realigned its businesses involved in the digital delivery of entertainment content to consumers to create the Warner Bros. Home Entertainment Group, to be headed by Kevin Tsujihara as president. The new group will oversee home video, online, wireless, games, anti-piracy and emerging technologies operations.
In his new post, Tsujihara reports directly to Barry M. Meyer, chairman/ceo, Warner Bros. and Alan F. Horn, president/coo, Warner Bros.
Launching an aggressive new effort to combat piracy, The Walt Disney Studios will utilize state-of-the-art encryption technology from Cinea, a subsidiary of Dolby Laboratories, for 2005 DVD awards screeners. The agreement marks a milestone in the search for an industry-wide solution to deter movie piracy.
Among the likely contenders for DVD awards screeners are CHICKEN LITTLE, HOWLS MOVING CASTLE, THE CHRONICLES OF NARNIA: THE LION, THE WITCH AND THE WARDROBE, SHOPGIRL AND CASANOVA.
The Weinstein Co., the media enterprise launched this month by Bob and Harvey Weinstein, announced that it has completed a $490 million private placement of equity. TWC has a significant number of well-known strategic, financial and individual investors among its equity holders, including affiliates of GLG Partners, Goldman, Sachs & Co., Perry Capital, Quinta Communications S.A., Softbank Corp., TF1 S.A., WPP, a Mark Cuban investment company, and Vivi Nevo, among others. The Weinstein brothers are the founders of Miramax Films.
The Securities and Exchange Board of India Oct. 4 barred Pentamedia Graphics Ltd., from issuing any new shares or dealing in securities, considered a punishment for issuing fake shares reports India-West (www.indiawest.com).
According to the SEBI, Pentamedia had issued a duplicate set of its own shares pledged with one bank and used the shares to borrow money from another lender, through an associate.
In its first long-term commitment to digital cinema, 20th Century Fox has reached an agreement to supply its feature films to digital cinema projection systems deployed by Christie/AIX, a unit of Access Integrated Technologies (AccessIT). For Fox, this will include an increasing number of feature films from 20th Century Fox, Fox 2000 Pictures, 20th Century Fox Animation and Fox Searchlight Pictures production units.
DIC Ent. has gone public on London's AIM market under the symbol DEKEq.L. The stock became available on Oct. 14, 2005, and by closing was up 3% at 255-1/2 pence, giving DIC a market capitalization of about 108 million pounds ($188.8 million). DIC raised 17.4 million pounds as part of the listing and shareholders saw a further 13 million by selling down their stakes. Bridgewell serves as an adviser and broker to DIC.
MTV Networks announced that it has acquired IFILM, the leading, Internet provider of short films and news and other video clips, for $49 million, reports REUTERS. As part of the deal, IFILM will remain under the control of its current ceo, Blair Harrison, and will retain its editorial independence.
MTV plans to grow IFILM's current reach to more than 10 million users a month and boost advertising revenues by cross-promoting IFILM on other MTV-owned websites and offering MTV content on IFILM.