Search form

Category: Business

Headline News

Mar Vista Entertainment Launched

Whamo Ents partners Joseph Szew, Fernando Szew and Mar Gaya, along with PorchLight Ents Michael Jacobs and Anchor Bay Ents George Port, have formed Mar Vista Entertainment, reported DAILY VARIETY. The new company will produce and distribute family and children's productions. Joseph Szew will serve as president/ceo and his brother will be managing director. Based in Barcelona, Gaya will be the director of European operations. Jacobs, former svp of worldwide sales for PorchLight, will serve as president of production and distribution.

Headline News

Animators Weathering The Blackout

It took a while for AWN to hear from animation and vfx people in New York City and areas in the U.S. affected by the massive power blackout on Aug. 14, 2003. Between downed power grids, tied up telephone lines and the subsequent attack of the BIG computer virus, communication is just now returning to normal. However, a few brave souls managed to share how their shops were disrupted in our increasingly power-hungry industry and lessons they learned for the next outage.

Quiet Man

Animation Headline News

Cyper Ent Consolidates Name, Splits Stock, Adds Ani Vet & Partner

Dae Joong Kim, a veteran animation director for 36 years, has joined Cyper Entertainment Inc., subsidiary of JRE Inc., based in Seoul, Korea. Considered one of the top OEM animation directors in Korea, he has worked on many different animated TV shows such as SUPER MARIO, FUTURE BOY CONAN, CAPTAIN HARLOCK, GALAXY EXPRESS 999 AND NADIA, among others.

"Mr. Kim is a valued addition to our team as we prepare for several large film and television productions. We are excited to have him in our service," said Duk Jim Jang, president of JRE.

Animation Headline News

VanBorssum Responds to Cornerstone Allegations

The following is a statement from Jason VanBorssum in response to a story about the demise of Cornerstone Animation that appeared in the AWN Flash and on the AWN.com Website on August 12, 2003. AWN is happy to present all sides as the parties make themselves available for comment.

Statement by Jason VanBorssumAugust 15, 2003

Animation Headline News

Cornerstone Animation Takes Hit

Cornerstone Animation is missing one of its cornerstones with the recent departure of president/ceo Jason Marshall VanBorssum, who unexpectedly cleaned out his office at the studio in Glendale, California, leaving company files in disarray and its workers unpaid, AWN confirmed with founder/chief creative officer Larry Whitaker. Although we have been forced to shut our doors, we have not filed bankruptcy to date.

Animation Headline News

Mercury Filmworks Opens Third Studio in Ottawa

Vancouver-based Mercury Filmworks is broadening its digital production scope in Canada with the addition of an Ottawa-based animation studio. Under the direction of former Funbag animation director Jerry Popowich (KING, UNDERGRADS, FREAKY STORIES, WATERSHIP DOWN, NEVER ENDING STORY, THE SIMPSONS, THE CRITIC, PINK PANTHER, TALES FROM THE CRYPT KEEPER), Mercury Filmworks new studio will offer design, pre-production and digital animation capabilities.

Headline News

Atari May Be Up for Players in Stock Market

Atari Inc. (Nasdaq: ATAR) has filed a registration statement with the Securities and Exchange Commission for a proposed offering of $125 million of common stock. In the proposed offering, shares will be sold by Atari and by Infogrames Entertainment, S.A., which owns approximately 88% of the outstanding Atari shares. Atari and Infogrames will grant the underwriters an option to purchase additional shares of its common stock valued at up to $18.75 million to cover over-allotments.

Headline News

Saban Seals Deal In Germany

The sale is complete, U.S. billionaire Haim Saban took control of German broadcaster ProSiebenSat.1 by acquiring a majority stake from the insolvent parent house KirchMedia. The deal was finalized August 9, 2003 with Kirchs creditor banks and the transaction is expected to be completed this week. Saban acquired 36% of the share capital of ProSiebenSat.1, which gives him and his investors 72% of the companys voting rights.

Company Headline News

12 Explore Buy in CINAR

As embattled Canadian childrens producer/distributor CINAR Corp. continues to work with the Quebec Securities Commission to have CINAR shares re-listed on the stock exchange, the company has signed 12 confidentiality/ standstill agreements with parties interested in taking part or all of the company. A CINAR statement said, Any major developments in this regard will be communicated to shareholders, regulatory authorities and the public as appropriate.

Headline News

Electronic Arts’ LA Studio to Rival Major Effects Houses

With Electronic Arts consolidating its west coast operations in the Los Angeles area, its new 250,000 square-foot Playa Vista campus will rival those of the major visual effects houses. EA will begin moving staff from the current studio in Bel Air into its new space by the end of this year, hoping to complete the move by early 2004.

Animation Headline News

ASIFA-Hollywood Starts Virtual Archive

During the living tribute to voice over master Daws Butler at the ASIFA-Hollywood meeting July 30, 2003 in Glendale, the animation society announced it has embarked on an ambitious project to expand the offerings of the current ASIFA-Hollywood Animation Center in Burbank to include a virtual archive, museum, library and research facility for the benefit of the animation community and general public.

Headline News

Twothousandstrong Moves Up, Julia Lennon Moves In

The creative design/production company twothousandstrong, led by creative director Craig Tozzi, has moved into its new headquarters, a 4,800 square-foot loft space in Venice, California, and added Julia Lennon as new head of sales/new business development.

Million Headline News

Saban Powers Up to Buy ProSieben, Take Two

Now rumors AWN reported on two weeks ago about POWER RANGERS-powered billionaire Haim Saban making another run to buy ProSiebenSat.1 Media have been confirmed. A group of investors led by Saban have submitted a revived bid to buy a majority stake in the broadcaster from insolvent German media group KirchMedia. Saban has made a better offer to acquire 72% of ProSiebens vote-wielding ordinary shares at an estimated cost of$575 million plus an additional $225 million for a 16.5% stake held by KirchMedia and German publisher Axel Springer.

Entertainment Headline News

British Trio Starts Corsham Entertainment

Corsham Entertainment, a new TV and film production company in the U.K., has been formed by Oscar-winning Gary Kurtz (producer of AMERICAN GRAFFITI, STAR WARS, THE EMPIRE STRIKES BACK and DARK CRYSTAL), Richard Bazley (a lead animator on Disneys HERCULES and POCAHONTAS plus Warner Bros.' OSMOSIS JONES and THE IRON GIANT), and writer Alastair Swinnerton (co-creator of THE BASKERVILLES and LEGOs BIONICLE).

Animated Headline News

Paradise Financial Group Launches New Toon Firm

Paradise Financial Group has launched a new animated production firm called Paradise Family Pictures LLC. The El Segundo, California-based company will produce animated 3D TV and feature film projects for the worldwide market. The new company will have three divisions: development, production and marketing. An international sales division will launch in May 2004. The toon house is in production on two 22-minute shows, COOL CAT ROCKY and IT'S A VERY MERRY JOLLY CHRISTMAS. Both projects will be completed early 2004.

Entertainment Headline News

IBM & Threshold Sign Feature Pact

IBM and Threshold Digital Research Labs have signed a four-year, multi-million dollar deal to increase Thresholds production output. The pact puts in place an IT commitment to help Threshold produce computer-animated movies, location-based entertainment, primetime TV animation and visual effects for feature films.

Million Headline News

Saban Setting Sights on ProSiebenSat.1 Again

It looks like media mogul Haim Saban has some money left over from his recent $100 million contribution to charities in the U.S. and Israel to make a second attempt to buy ProSiebenSat.1. Saban pulled out of the deal to buy Kirch Media in June 2003. Now rumors are circulating that the POWER RANGERS-powered billionaire is making another run at buying only the broadcaster asset from Kirch's creditors.

Animation Headline News

Ellipse Animation Sold to Comic Book Firm

Ellipse Animation, the animation branch of television production and distribution company Studio Expand, has been sold to French comic strip and comic book publisher Dargaud, reported THE HOLLYWOOD REPORTER. Studio Expand is owned by Vivendi Universal's French pay TV arm Canal Plus. No monetary terms were announced. This move is part of Vivendi Universal's initiative to cut its debt by selling off some of its assets. The remaining divisions of Studio Expand will be sold separately.

Production Headline News

DPS Aligns with Vanguard to Power CG Features

Digital Productions Solutions (DPS), the animation unit of IDT Media, has entered into a joint venture with Vanguard Animation to co-produce and co-own all Vanguard properties, as well as buy a minority stake of Vanguard in the eight-figure range. The announcement follows on the heels of DPS's acquisition of a majority stake in Film Roman Inc.

Headline News

ESC to Become VFX Fixture at Warner Bros.

Northern California-based VFX house ESC Entertainment was originally funded by Warner Bros. to handle the bulk of the work on the MATRIX trilogy, which cost more than $100 million. But now the studio has decided to expand ESC's role by having it take a lead or secondary role in all of its event films, VARIETY reports.

Headline News

Alias Drops Wavefront From Name

In honor of its 20th anniversary - and perhaps owing just a little to the success of the acclaimed ABC series, ALIAS - Alias|Wavefront will now be known simply as Alias. According to the Toronto-based 3D graphics technology leader and creator of the Oscar-winning Maya software, the name change "provides a simple yet powerful name that is well known throughout the 3D industry and beyond."

Film Headline News

Humunculus Expansion into New Facility

Humunculus, launched only nine months ago in Venice, California, has already expanded into a new, 2,000-square-foot facility. The new studio, located at 529 Victoria Avenue, was designed by Predock Frane architects of Santa Monica, and modified by studio founder Saam Gabbay for Humunculus. "Using the architects' original materials of Lexan, MDF and sanded homosote, we created four subdivisions in the space to fulfill our distinct needs," Gabbay explained.

Nick Headline News

Klasky Csupo & Nickelodeon Clarify Production Status

When the Nickheads.net fansite (which is not connected with Nickelodeon) posted news that Klasky Csupo was only getting an order from Nick for eight episodes of the RUGRATS spinoff, ALL GROWN UP, and thereby was laying off lots of employees, AWN asked reps at Nickelodeon and Klasky Csupo to respond.

Effects Headline News

Stan Winston Delves Into CG

With the demand for CGI growing, animatronics special effects wizard Stan Winston has launched a CGI division as part of his Stan Winston Prods, reports VARIETY. Entitled SW Digital, the new Van Nuys, California-based firm will start by offering digital effects services to mid-to-low budget projects. SW Digital will start hiring new staff as projects warrant it. This move adds to the in-house power Winston has to produce his own films. Stan Winston Prods recently produced this summers horror flick WRONG TURN, along with New Regency Prods., Summit Entertainment and Constantin Films.

Headline News

TNN Gets Rights to Spike Name

The legal battles are over with Viacom gaining the right to call its TNN Network Spike TV. Movie director Spike Lee settled his legal debate July 7, 2003 with Viacom Inc. State Supreme Court judge Walt Tolub lifting his injunction barring Viacom from using the moniker Spike TV. Details of the settlement were not disclosed. Viacom claims the delay has cost media conglom $30 million in marketing expenses.

Pages

randomness