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Headline News Classic Media Terminates Harvey Acquisition

By Rick DeMott | Wednesday, November 1, 2000 at 12:00am

On Tuesday, November 1, 2000, The Harvey Entertainment Company announced that the proposed preferred stock investment by Classic Media LLC has been terminated due to the companies' inability to reach a definitive agreement. On August 24, 2000, Harvey announced that it had signed a Letter of Intent with Classic Media for an investment of roughly US$30 million in exchange for a new issue of Harvey Preferred Stock.

Headline News Animation Stock Ticker For Tuesday, October 31, 2000

AWN's stock ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. makes available certain financial information from third party information providers. AWN does not give advice in any such fields, and has not reviewed, and in no way endorses the validity of such data. This information is provided solely as a means to keep our readers informed of the market performance and trends of certain companies. AWN strongly suggests that one seek advice from a competent professional regarding any investment or financial issues.

Headline News Commercials For Kids Stay In Europe For Now

Over the past year, Sweden has been urging the European Union to ban TV advertising aimed toward children under 12, however policymakers have reassured the advertising and children's programming industry that they are moving away from the notion. Currently in Sweden, ads targeted to kids are banned, because the government is worried that children could unnecessarily influence their parents' shopping habits. In January, Sweden hopes to win favor for their plans when they take over the six-month rotating presidency of the EU.

Headline News Cinar Recovers $50.9M More In Unapproved Investments

Cinar Corp. has signed a deal with Bahamas-based Globe-X Management to recover US$50.9 million that was invested in offshore accounts without board approval. The investments were originally to be paid by November of this year, however the new agreement has Globe-X paying out weekly installments between now and August 17, 2001. As part of the new arrangement, Cinar has dropped all legal charges made against Globe-X.

Headline News Sony Restructures After Marketing Exec Ousted

In an attempt to strengthen its executive ranks, Sony Pictures Entertainment (SPE) has retooled, leaving a worldwide marketing executive seemingly without a job. Chief of worldwide distribution, Jeff Blake has assumed the duties of Bob Levin, who had held the post of marketing exec. Levin, who was in New York yesterday for the CHARLIE'S ANGELS premiere, was not available for comment and no word was announced on his definite future with the company or otherwise. According to insiders, there were tensions between Blake and Levin, who has 1 1/2 years left on his contract.

Headline News iFuse.com Ready To Explode

News and entertainment destination site, iFuse.com, is about to go under unless it can find a buyer immediately. The company has run out of money and told its 30 staff members on Tuesday, October 24 that they no longer would be paid. The Marina del Ray, California-based company's CEO Rich Battista and president and COO Michael Dowling are in talks with several Websites to buy the sinking Netcaster. Battista told the DAILY VARIETY that, "Our doors are still open.

Headline News Animation Stock Ticker For Tuesday, October 24, 2000

AWN's stock ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. makes available certain financial information from third party information providers. AWN does not give advice in any such fields, and has not reviewed, and in no way endorses the validity of such data. This information is provided solely as a means to keep our readers informed of the market performance and trends of certain companies. AWN strongly suggests that one seek advice from a competent professional regarding any investment or financial issues.

Headline News India's Pentamedia Buys 51% Of Film Roman

Chennai, India-based Pentamedia Graphics, Ltd., formerly known as Pentafour Software and Exports, Ltd., and Film Roman, Inc. have announced a letter of intent pursuant to which Pentamedia will purchase a 51% stake in Film Roman. The deal was a US$15 million cash deal, which is aimed to close by January after regulatory and board approvals. In regards to the deal, Film Roman CEO and president John Hyde told AWN, "I think it allows us to execute our very specific five-year plan.

Headline News Mondo TV Revenues Up 250%

Italian animation studio Mondo TV released second-quarter revenue reports, which were up 250% to 6.7 billion lire (US$2.94 million). This report is the first since going public on the Milan stock exchange in June. In the quarter, Mondo TV's gross operating margin inflated 484% to 5.3 billion lire ($2.32 million). The big gains are attributed to the firm's increasing presence in Asia and its new co-production deal with Seoul-based Hahn Shin Corporation. Mondo TV is the owner of Italy's largest library of domestic and imported television cartoons.

Headline News ASIFA Opens First Chapter In India

By Rick DeMott | Wednesday, October 18, 2000 at 12:00am

ASIFA, the only internationally sanctioned organization for animation, will open a chapter in India. This new chapter will be located in the city of Trivandrum within the Indian state of Kerala, home of Toonz Animation India. The first meeting of ASIFA India will occur during The 2nd Annual Week With The Masters Animation Celebration, from October 30 - November 3, 2000. Bill Dennis, president and CEO of Toonz Animation India, will head the new chapter. Dennis has worked on animated classics such as THE LION KING, BEAUTY AND THE BEAST, ALADDIN and THE LITTLE MERMAID.

Headline News Animation Stock Ticker For Tuesday, October 17, 2000

AWN's stock ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. makes available certain financial information from third party information providers. AWN does not give advice in any such fields, and has not reviewed, and in no way endorses the validity of such data. This information is provided solely as a means to keep our readers informed of the market performance and trends of certain companies. AWN strongly suggests that one seek advice from a competent professional regarding any investment or financial issues.

Headline News Z.com Laid Off Not Laughing

On Monday, October 16, 2000, Z.com, an Internet comedy content site, laid off 50 workers -- half of its staff. However, the Webcaster has secured additional financing to keep it operating until at least next spring. The company's major backers include Internet incubator Idealab, Basic Entertainment, 3 Arts Entertainment, producer Jerry Bruckheimer and Maverick Records partner Guy Oseary. "It's a tough time," Z.com CEO Joe DiNunzio told THE DAILY VARIETY. "Today's a very challenging day to have to let some really talented people go, but it's in the best interest of the company.

Headline News Blur Studio's Expansion Adds Motion Capture Services

By Rick DeMott | Wednesday, October 11, 2000 at 12:00am

Blur Studio, a leading animation and visual effects production studio, has completed a major expansion, which added a state-of-the-art motion capture production studio to their facilities. In addition, Blur has gained a digital edit bay and a clean room for networking and digital storage hardware. The expansion comes as Blur Studio is embarking on the production of a 3D ride film for Paramount Studios and Stan Lee Media, entitled STAN LEE'S 7TH PORTAL 3D SIMULATION EXPERIENCE. "Blur is evolving and evolving quickly," said Tim Miller, the company's president.

Headline News Phil Roman Entertainment Teams With C-3D TV & Internet

By Rick DeMott | Wednesday, October 11, 2000 at 12:00am

Phil Roman Entertainment, Inc. (PRE) has entered into a three-year, non-exclusive strategic alliance with the C-3D Television Network and the 3D.com Virtual Reality Portal Website, divisions of Chequemate International. The new agreement follows on the heels of PRE's president, Phil Roman's appointment to C-3D's advisory board. The partnership calls for both companies to jointly seek, develop, produce, promote, market and distribute animation and live-action programming for the C-3D Television Network and the 3D.com Virtual Reality Portal Website.

Headline News Animation Stock Ticker For Tuesday, October 10, 2000

AWN's stock ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. makes available certain financial information from third party information providers. AWN does not give advice in any such fields, and has not reviewed, and in no way endorses the validity of such data. This information is provided solely as a means to keep our readers informed of the market performance and trends of certain companies. AWN strongly suggests that one seek advice from a competent professional regarding any investment or financial issues.

Headline News Eidos Not Game On Takeover Terms

On Monday, October 9, 2000, Eidos Plc., the U.K. video game maker, declined a potential takeover after it decided that the terms and price didn't offer a good value to its shareholders. Eidos wouldnt release the names of the bidders, which analysts had rumored were either Infogrames SA, Microsoft Corp. or Electronic Arts. Upon the news, the companys shares fell 11% on the London stock exchange to 261 pence and dropped 14% on the Nasdaq stock exchange to US$3.88.

Headline News Cinar Explains Reasons For Delaying Financial Reports

On Friday, October 6, 2000, Cinar Corp. released a letter by company president and CEO Barrie Usher to its investors chronicling the reasons behind their delayed reporting of financial statements dating as far back as 1997. Currently, the Montreal-based production firm is under investigation for allegedly using false Canadian names on scripts, written by Americans, to obtain lucrative Canadian tax credits.

Headline News Cosgrove Hall Goes Digital

At MIPCOM, Cosgrove Hall Films has christened its new media division, Cosgrove Hall Digital (CHD) with the launch of its new Website: www.chd.uk.com. CHD will be run by managing director Iain Pelling and day-to-day operations will be overseen by Jon Rashid. The new division will create digital content for Websites, broadcast transmissions and CD-Roms. Currently, CHD is working on a pre-school series entitled WILD AND WONDERFUL, and a childrens series for ITEL entitled ALBIE.

Headline News Animation Stock Ticker For Tuesday, October 3, 2000

AWN's stock ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. makes available certain financial information from third party information providers. AWN does not give advice in any such fields, and has not reviewed, and in no way endorses the validity of such data. This information is provided solely as a means to keep our readers informed of the market performance and trends of certain companies. AWN strongly suggests that one seek advice from a competent professional regarding any investment or financial issues.

Headline News German TV Loonland Acquires Sony Wonder

German animation production house and rights buyer, TV Loonland AG has acquired the television production and distribution activities of Sony Wonder, the childrens production arm of Sony Music Entertainment. The deal was worth US$20.5 million in cash and stocks. As part of the deal, TV Loonland also obtains animation studio Sunbow Entertainment, which Sony Wonder bought in 1998. Sony will retain North American home video rights and international audio rights to their catalog of programming, which includes CLIFFORD and GENERATION O!

Headline News MIPCOM Preview: The World Converges On Cannes

MIPCOM, the International Film and Programme Market for TV, Video, Cable and Satellite, hits Cannes, France on October 2 6, 2000. MIPCOM facilitates programme sales, deals, new contacts and joint ventures on a global basis. MIPCOM includes a five-day TV industry tradeshow, including a conference progamme on Television in the New Economy called MIPCOM: The International Trading Floor. MIPCOM brings together producers, distributors, broadcasters, Webcasters, worldwide cable and satellite operators, buyers, co-producers and investors from around the globe.

Headline News German Helkon Media Buys Dutch Rubinstein Media

By Rick DeMott | Thursday, September 28, 2000 at 12:00am

German production/rights buyer Helkon Media has acquired a 51% share in Dutch animation and merchandising house Rubinstein Media. Rubinstein founder and CEO Maurits Rubinstein will remain as head of the company. This move comes on the heels of Rubinstein and Helkon subsidiary Peppermints formation of a 50-50 joint children's television animation house entitled, Pepperkids.

Headline News Sony Cuts Holiday PlayStation 2 Orders By Half

By Rick DeMott | Thursday, September 28, 2000 at 12:00am

Due to microchip shortages, Sony has decided to cut its October 26, 2000 U.S. shipment of PlayStation 2 next generation gaming consoles by half. However, Sony states that this delivery change will not affect the projected amount of units in North America by the holiday season. 500,000 consoles will ship to 20,000 stores in North America then Sony will roll out 100,000 units each week thereafter. "We will be able to supply a flow of products, instead of a huge initial spike," said Kaz Hirai, COO of Sony.

Headline News Foresight Marketing Forms New Animation Studio

By Rick DeMott | Wednesday, September 27, 2000 at 12:00am

Foresight Marketing & Design Ltd., a marketing and consulting firm in Eastern Canada, has recently created a new division, Foresight Animation Studio. The toon house offers traditional animation and graphics as well as other creative services like Website design. Animation director Roger Foucault (also the creative director of Foresight's marketing firm) brings full traditional and classical animation training skills to the studio and hopes to see their company establish long-term business relationships with others. For more information contact Foresight at: P.O.

Headline News ZDF Enterprises Launches New Media Subsidiary

By Rick DeMott | Wednesday, September 27, 2000 at 12:00am

ZDF Enterprises has announced the creation of a new subsidiary, ZDF.new media. Based in Mainz, Germany, ZDF.new media will be run by recently appointed Peter Lang, president of marketing and sales, and Dirk Max Johns, president of content and multimedia products. The duo, with a staff of ten, will develop and grow the companys Websites www.zdf.msnbc.de and www.adf.de. "The foundation of ZDF.new media marks an important milestone for the future development of the ZDF-Group," said Alexander Coridass, president of ZDF Enterprises.

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