Business

Fox And eBay Auction Animation For Charity

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Fox Entertainment Group has teamed with eBay to support Auction for America, the online charity initiative designed to raise funds for the victims, families and communities affected by the terrorist attacks of September 11. The auctions began October 22, 2001 and will continue through the holiday season. All proceeds will be donated to the Twin Towers Fund.

Avid Reports Third Quarter Results

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Avid Technology, Inc. has reported its financial results for the third quarter ended September 30, 2001. Revenues for the quarter were $102.3 million. Net loss for the quarter was $14.2 million or $.55 per share including amortization of acquisition-related intangible assets, and restructuring and other costs, net. Excluding these items, Avid would have reported a net loss of $801,000 or $.03 per share for the third quarter of 2001. For the nine months ended September 30, 2001, revenues were $329.8 million.

New York And Vienna-Based Creative Teams Become Super-Fi

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Executive producer John Yuiska and creative director Daniel Garcia have joined forces with Vienna-based digital content studio .voortekk to form Super-Fi. The company will produce animation and design-based cross-platform content for commercials, broadcast design, music videos, film and branded online entertainment. Super-Fi will maintain offices in New York and Vienna.

Activision -- One Of America's Fastest Growing Companies

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Activision, Inc. has been recognized by Fortune Magazine as one of the top 100 fastest-growing publicly held companies in the U.S. Activision, ranked 86th in Fortune Magazine's 2001 "100 Fastest-Growing American Companies," is the only interactive entertainment company to appear on the list. The company's three-year annualized performance ratings were 45% earnings per share, 36% revenue growth and 56% total stock market return.

Sega And THQ Announce Multi-Title Co-Publishing Agreement

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
THQ Inc. and Sega Corporation have entered into an exclusive, multi-title co-publishing agreement under which THQ will co-publish 16 Game Boy Advance titles featuring Sega brands in North America through 2003. The launch will begin with six titles released through March 2002. The agreement provides Sega with greater exposure on the Game Boy Advance platform as it transitions exclusively to software publishing and provides THQ with content to help solidify its position as a leading independent Game Boy Advance publisher.

Vivendi And Interplay Make A Deal

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Vivendi Universal Publishing (VU Publishing) and Interplay Entertainment Corp. have entered into a North American distribution agreement which grants VU Publishing the exclusive rights to distribute Interplay's PC and video game console products through 2003 with the exception of NEVERWINTER NIGHTS. The first titles expected to be released under the distribution agreement will be BALDUR'S GATE: DARK ALLIANCE and GIANTS: CITIZEN KABUTO for the PlayStation2 computer entertainment system. These titles are scheduled for release in fall 2001.

Activision Announces Acquisition Of Treyarch Invention

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Activision, Inc. has acquired Treyarch Invention, LLC., a leading console software developer with a focus on action and action-sports video games. The acquisition further enables Activision to implement its multi-platform development strategy by bolstering its internal product development capabilities for the next-generation console systems, strengthening Activision's position in the action and action-sports genres.

Final Fantasy’s Square Company Has Its Ups And Downs

Posted In | News Categories: Business | Geographic Region: All, Asia | Site Categories: Business
As reported on October 4, 2001 by THE HOLLYWOOD REPORTER, Square Company Ltd., warning of losses of up to 13.9 billion yen (USD $115M) for the year's first half from weaker-than-expected revenues from its feature film FINAL FANTASY: THE SPIRITS WITHIN, had ceased funding of their Honolulu-based studio Square Pictures. Allowed to continue operations, Square Pictures has indicated that they will continue to develop CGI projects with funding from other studios, and plans to possibly develop a FINAL FANTASY sequel or prequel.

Disney Forms New Business Unit, Appoints President

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
The Walt Disney Company has formed a new business unit, the Buena Vista Game Entertainment Studio, a new organization created to leverage and combine new and emerging technologies, such as broadband and wireless, with video consoles, PCs, other technological innovations, and online games to deliver integrated interactive entertainment for a new consumer experience. Jan E. Smith has been installed as its president. Smith, a 14-year Disney veteran, will also continue to serve in her current role as president of Disney Interactive.

Infogrames Announces Financial Results For Fiscal 2001

Posted In | News Categories: Business | Geographic Region: All | Site Categories: Business
Infogrames, Inc., a global publisher of interactive entertainment software, has announced operating results for its fiscal year ended June 30, 2001. Full-year net revenue, which includes publishing and distribution revenue, was $310.5 million or virtually even with full-year net revenues of $313.2 million for the prior year. Publishing revenue for the period rose to $232.1 million from $188.4 million in the comparable year-earlier period. Distribution revenue was $78.4 million in fiscal 2001 as compared with distribution revenue of $124.8 million in the same 2000 period.