Business

UK Culture Secretary Strikes Out Against Trashy Cartoons

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British Culture Secretary Chris Smith was quoted in the LONDON SUNDAY EXPRESS as saying he will issue orders to U.K. TV regulators to cut back on "trashy cartoons" which have flooded the airwaves and replace them with "high-quality educational shows." Broadcasting Minister Janet Anderson told the newspaper, "The government shares parents' concerns that violent and unsuitable material is being broadcast in ever earlier slots." However, some U.K. officials may be uninformed about where the illicit animation is actually coming from.

Classic Media Terminates Harvey Acquisition

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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.

Oniria Opens Studio In Berlin

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Luxembourg’s audiovisual production group, Oniria, is continuing its expansion with a new subsidiary studio in Berlin. The studio will be called Oniria Film and will handle pre-production (graphic design, scripts, storyboards, etc.), production management and post-production for the company's TV series. Thierry Schiel and Sophia Kolokouri have set up the new arm and Oniria Production administrator Nina Kolokouri will serve as general manager. Currently, Oniria Film is working on 52 15-minute episodes of the TV series BOB’S BEACH.

Mainframe & Studio B To Begin Co-Production

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Mainframe Entertainment and Studio B Productions have announced that the two Vancouver animation studios are entering into a co-production agreement to develop an original series utilizing both traditional and computer animation. Mainframe CEO Ian Pearson said, "We've admired Studio B's work for some time and were looking for a partner in the traditional animation realm to co-produce projects that combine 2D and 3D animation techniques.

Animation Stock Ticker For Tuesday, October 31, 2000

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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.




Commercials For Kids Stay In Europe For Now

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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.

Sony Restructures After Marketing Exec Ousted

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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.

Cinar Recovers $50.9M More In Unapproved Investments

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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.

iFuse.com Ready To Explode

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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.

India's Pentamedia Buys 51% Of Film Roman

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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.