Business

Mercury Filmworks Opens Third Studio in Ottawa

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Vancouver-based Mercury Filmworks is broadening its digital production scope in Canada with the addition of an Ottawa-based animation studio. Under the direction of former Funbag animation director Jerry Popowich (KING, UNDERGRADS, FREAKY STORIES, WATERSHIP DOWN, NEVER ENDING STORY, THE SIMPSONS, THE CRITIC, PINK PANTHER, TALES FROM THE CRYPT KEEPER), Mercury Filmworks’ new studio will offer design, pre-production and digital animation capabilities.

Saban Seals Deal In Germany

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The sale is complete, U.S. billionaire Haim Saban took control of German broadcaster ProSiebenSat.1 by acquiring a majority stake from the insolvent parent house KirchMedia. The deal was finalized August 9, 2003 with Kirch’s creditor banks and the transaction is expected to be completed this week. Saban acquired 36% of the share capital of ProSiebenSat.1, which gives him and his investors 72% of the company’s voting rights.

12 Explore Buy in CINAR

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As embattled Canadian children’s producer/distributor CINAR Corp. continues to work with the Quebec Securities Commission to have CINAR shares re-listed on the stock exchange, the company has signed 12 confidentiality/ standstill agreements with parties interested in taking part or all of the company. A CINAR statement said, “Any major developments in this regard will be communicated to shareholders, regulatory authorities and the public as appropriate.”

Electronic Arts’ LA Studio to Rival Major Effects Houses

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With Electronic Arts consolidating its west coast operations in the Los Angeles area, its new 250,000 square-foot Playa Vista campus will rival those of the major visual effects houses. EA will begin moving staff from the current studio in Bel Air into its new space by the end of this year, hoping to complete the move by early 2004.

ASIFA-Hollywood Starts Virtual Archive

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During the living tribute to voice over master Daws Butler at the ASIFA-Hollywood meeting July 30, 2003 in Glendale, the animation society announced it has embarked on an ambitious project to expand the offerings of the current ASIFA-Hollywood Animation Center in Burbank to include a virtual archive, museum, library and research facility for the benefit of the animation community and general public.

Saban Powers Up to Buy ProSieben, Take Two

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Now rumors AWN reported on two weeks ago about POWER RANGERS-powered billionaire Haim Saban making another run to buy ProSiebenSat.1 Media have been confirmed. A group of investors led by Saban have submitted a revived bid to buy a majority stake in the broadcaster from insolvent German media group KirchMedia. Saban has made a “better offer” to acquire 72% of ProSieben’s vote-wielding ordinary shares at an estimated cost of$575 million plus an additional $225 million for a 16.5% stake held by KirchMedia and German publisher Axel Springer.

Twothousandstrong Moves Up, Julia Lennon Moves In

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The creative design/production company twothousandstrong, led by creative director Craig Tozzi, has moved into its new headquarters, a 4,800 square-foot loft space in Venice, California, and added Julia Lennon as new head of sales/new business development.

Paradise Financial Group Launches New Toon Firm

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Paradise Financial Group has launched a new animated production firm called Paradise Family Pictures LLC. The El Segundo, California-based company will produce animated 3D TV and feature film projects for the worldwide market. The new company will have three divisions: development, production and marketing. An international sales division will launch in May 2004. The toon house is in production on two 22-minute shows, COOL CAT ROCKY and IT'S A VERY MERRY JOLLY CHRISTMAS. Both projects will be completed early 2004.

British Trio Starts Corsham Entertainment

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Corsham Entertainment, a new TV and film production company in the U.K., has been formed by Oscar-winning Gary Kurtz (producer of AMERICAN GRAFFITI, STAR WARS, THE EMPIRE STRIKES BACK and DARK CRYSTAL), Richard Bazley (a lead animator on Disney’s HERCULES and POCAHONTAS plus Warner Bros.' OSMOSIS JONES and THE IRON GIANT), and writer Alastair Swinnerton (co-creator of THE BASKERVILLES and LEGO’s BIONICLE).

IBM & Threshold Sign Feature Pact

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IBM and Threshold Digital Research Labs have signed a four-year, multi-million dollar deal to increase Threshold’s production output. The pact puts in place an IT commitment to help Threshold produce computer-animated movies, location-based entertainment, primetime TV animation and visual effects for feature films.