Category: Business

Playhut Co., a toy designer and manufacturer, launched its own production and distribution company, Playhut Entertainment, to produce anime and childrens programming for home video and broadcast.

Based in the U.K., Jennifer Taylor and Clair Daintree have combined a wealth of expertise and recognition in the field of voice overs, as well as a unique link with Hollywood to provide a genuinely full service voice over agency, Shining Management, Ltd., in London to service the broadcast and production industry.

KirchMedia, the once mighty German media giant, shut down on June 16, 2003 after a flurry of attempts to buy it. It looked like the cash-strapped company was going to be owned by American entrepreneur Haim Saban, until the parties couldn't agree on final terms and nullified the deal after the contract expired on May 31. Management and creditors had hoped to restructure the company to maintain it until the market climate improved to sell it, but shareholders voted to sell off its main assets into separate companies.

Dear Friends and Colleagues:

My good friend and associate, Jim Hardison, said it best, "It's surreal!"

After many great years building Will Vinton Prods. and creating groundbreaking Claymation and 3D-animated films, television and commercials, and growing Will Vinton Studios, I have been forced out of active involvement with the company by Phil Knight and his associates. The situation could also be described as "Machiavellian"! And I expect you'll hear much more about this David and Goliath story in the near future.

Entrepreneur Haim Saban has dropped out of his $2.3 billion contract to buy Germany's biggest broadcaster ProSiebenSat 1 from bankrupt KirchMedia. Saban signed the 40,000-page contract on March 27, 2003 for the acquisition of the broadcaster and its programming rights to approximately 18,000 films and series, the largest film library outside of Hollywood. Over the next two months, Saban did not agree with KirchMedia and creditor banks on "details of the transaction" by the deadline of May 31 for the purchase of ProSiebenSat 1.

Filmmaker Spike Lee is suing Viacom Inc. over its plans to call the TNN channel Spike TV to attract male viewers. Lee filed papers June 3, 2003 for an injunction against Viacom's use of the name, it was reported by The Hollywood Reporter. "The media description of this change of name, as well as comments made to me and my wife, confirmed what was obvious that Spike TV referred to Spike Lee," he said in court papers. Viacom has been asked to explain why it shouldn't be barred from using the name. Viacom bought TNN in 2000 and announced a new programming and branding initiative, which is expected to launch on June 16, 2003. Viacom said it was confident the court would reject Lee's claims to the name Spike. Lee said TNN's president Albie Hecht has publicly associated the name "Spike" with Lee. Lee has signed affidavits from industry people who thought of Lee when they heard about Spike TV. Some believed Lee had become affiliated with the network.

Post-production company PostWorks New York has made a major move, acquiring all of Tapehouse companies, including Tapehouse Editorial, Tapehouse Digital Film, Tapehouse Broadband, Black Logic and The Anx, as well as all of SMA Realtime and 50% of audio post house Caterini Studios. With the acquisition, PostWorks will be equipped to handle every aspect of digital or film post-production for both short-form and long-form television, film and multimedia projects.

Newark, New Jersey-based IDT Media announced May 15, 2003 that its animation production unit, Digital Production Solutions (DPS), will acquire a 51% interest in Film Roman, Inc., a leading independent animation company, through the purchase of newly issued shares of Film Roman common stock. Film Roman produces the animation on the primetime hits THE SIMPSONS and KING OF THE HILL. IDT Media is a subsidiary of IDT Corp., a multinational carrier, telecommunications and technology company.

George Lucas has divided his empire in Point Richmond, California into a new animation division to focus on the creation of digitally animated feature films reportedly due to his frustration over studio-controlled animated projects that have fallen through over the past six years. Lucas-film Animation will be given its own identity and autonomy to develop and generate full-length CG cartoons.

Leading videogame publisher Infogrames Entertainment SA (IESA) has changed its corporate name to Atari. Infogrames (New York City and Lyon, France) acquired the Atari brand when it bought the interactive assets of toymaker Hasbro in January 2001 and has periodically used the name, one of the oldest (30 years) and most legendary in videogame history, for titles such as DRAGON BALL Z, MISSION IMPOSSIBLE, SUPERMAN, TERMINATOR 3 and ENTER THE MATRIX, which debuts on May 15, 2003, day and date with the film, THE MATRIX RELOADED.

The Henson family is the winning bidder to buy 100% of The Jim Henson Company from German kids TV outfit EM.TV Merchandising AG for $89 million. Recently Disney, Saban and Sony Pictures had appeared to be the likely buyers. The Henson heirs sold the company to EM.TV three years ago for $680 million and now are set to pay $78 million in cash plus $11 million of the Henson Co. assets.