Business

Plaintiffs’ Lawyers in Pooh Case Step Down

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Make it eight. Eight law firms that is. Law firm Jones Day, which represent the Slesinger family in their case against Disney over Winnie the Pooh right, have stepped down, reported DAILY VARIETY. In papers filed, the law firm stepped down because the Slesinger family informed them they could no longer afford the firm’s services. The family has not appointed new attorneys yet. The law firm has only been involved in the 12-year long lawsuit since June. On Oct. 8, 2003, the case was moved over to a new judge, Charles W. McCoy, who is L.A.

The New Mega-Conglom on the Block: NBC Universal

Posted In | News Categories: Business, Visual Effects | Geographic Region: All, Europe, North America | Site Categories: Business, Visual Effects
On Wednesday, October 8, 2003, NBC and Vivendi Universal made official the merger of their entertainment businesses. Newly named NBC Universal joins the ranks of Time Warner, Disney and Viacom. The new mega-conglom will control a broadcast network (NBC), various cable entities (USA, CNBC, Bravo, MSNBC, Telemundo, SCI-FI and Trio), a film and television studio (Universal Pictures and Television) and theme parks (Universal Studios Hollywood and Orlando).

Disney-Pixar Compromise Offered

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Disney president Robert Iger divulged on Wednesday that he has come up with a compromise to stay in partnership with Pixar Animation Studios. In a video conference with business analysts, Iger said he has offered to revise the terms of the current 50/50 profit split with Pixar in the hopes of forging a contract renewal. Disney would provide an ownership stake and greater share of the profits on Pixar's next two computer-animated features, THE INCREDIBLES and CARS, in exchange for a greater distribution fee, as reported in THE NEW YORK TIMES.

Former Nelvana Execs Bid for CINAR

Posted In | News Categories: Business | Geographic Region: All | Event: MIPCOM | Site Categories: Business
The buzz coming out of MIPCOM has CINAR Corp. close to a sale of the company’s assets to Michael Hirsh and Toper Taylor, former Nelvana co-founder/ceo and president of international distribution, marketing and consumer products respectively. Because Hirsh is Canadian the deal would ensure that CINAR could continue to receive Canadian tax credits.

Antefilms Acquires France Animation

Posted In | News Categories: Business | Geographic Region: Africa, All, Europe | Site Categories: Business
Antefilms Production has announced that it has acquired France Animation, which was previously a Wanadoo subsidiary. Each company will retain its individual identity, but the deal will allow France Animation to ramp up its production line and merges two of Europe’s largest animation libraries of more than 1,600 half-hours. As part of the deal, Antefilms gains France Animation’s established marketing and licensing prowess.

Big Idea Up For Auction

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Lombard, Illinois-based Big Idea Prods has announced that the company will go up for auction on October 28, 2003. As AWN reported on September 4, 2003, two days after Big Idea filed for bankruptcy, the company had announced that it had reached a definitive agreement with Classic Media LLC to purchase the company’s assets for $7.5 million.

Pooh Suit Secures New Judge

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
In what has now become the longest running lawsuit in the L.A. Superior Court, the case of POOH heirs, the Slesinger family, versus Disney has received a new judge, according to a report in DAILY VARIETY. The man in charge of complex legal suits, Charles W. McCoy, will take over for Judge Ernest Hiroshige, who requested the move. The first hearing in the next phase of this mega-suit is October 22, 2003.

New Sony Animation Facility to Open in Japan

Posted In | News Categories: Business | Geographic Region: All, Asia | Site Categories: Business
Just as Disney announced the closure of its Tokyo-based animation facility, word leaked out in Japan that Sony Pictures Entertainment would unveil its own animation division in Tokyo specializing in original local-language productions. And just like that, 103 animators and staffers that will be cut loose from Disney after wrapping the WINNIE THE POOH spinoff, THE HEFFALUMP MOVIE, may soon find a new home at Sony.

Marvel Mulls Entering Film Production Arena Alone

Posted In | News Categories: Business, Visual Effects | Geographic Region: All | Site Categories: Business, Visual Effects
Comic and licensing company Marvel Enterprises is mulling over entering the world of film production on their own, confirms a company representative. Since the overwhelming success of its characters like Spider-Man and Daredevil on the big screen, the company is contemplating middle budget theatrical or direct-to-video productions based on some of their lower-profile characters. The films would have a budget range of between $8 and $50 million.

Disney Launches MovieBeam On-Demand Movie Rental Service

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
The Walt Disney Company announced the launch of its MovieBeam on-demand movie rental service, allowing consumers instant access to recent DVD and video releases, as well as a wide variety of popular films from almost all of the major studios. The service will first launch in Jacksonville, Florida; Salt Lake City, Utah; and Spokane, Washington. MovieBeam has agreements in place with DreamWorks SKG, MGM Studios, Miramax Films, New Line Cinema, Sony Pictures Entertainment, Universal Studios, Warner Bros., 20th Century Fox Studios and Walt Disney Studios.