Citing the success of MONSTERS, INC. and strong sales of its Renderman animation software among other factors, Pixar Animation Studios announced higher than expected earnings for its fiscal second quarter ended June 29, 2002. For the quarter, Pixar earned $10.4 million or $0.20 per diluted share. These results compare to earnings of $8.8 million, or $0.17 per diluted share, achieved in the year-ago quarter. Revenues for the quarter were $22.8 million, as compared to $16.7 million in the year-ago quarter.

Family entertainment producer TV-Loonland AG continues to expand operations in its home entertainment unit by increasing its stake in the UK-based DVD and video distributor Metrodome Group plc, London. The deal, worth some £1.25 million (US$1.92 million), will be paid with 7.36 million Metrodome shares, increasing TV-Loonland's share in the company from 29.9% to a majority stake of 54.18%. Metrodome will subsequently assume Loonland's home entertainment rights for such series as PONGWIFFY, LITTLE GHOSTS, YVON OF THE YUKON and THE CRAMP TWINS.

Nickelodeon has bought out the other 50 percent of educational network Noggin from joint venture partner Sesame Workshop, pending customary regulatory approvals. Financial details of the buyout were not disclosed. The channel will be operated and managed by Nickelodeon, with Noggin general manager Tom Ascheim continuing to oversee the network’s day-to-day operations. Ascheim will report to Herb Scannell, president, Nickelodeon, TV Land and The New TNN.

IMotion Picture Screen Cartoonists, Local 839 IATSE will now be known as The Animation Guild. The union, which represents animators, designers, technical crafts and story people in the animation field, has been known by its former name (or the acronym MPSC) for over fifty years. But effective with its approval by the IATSE general executive board on July 23 and the Local 839 membership on July 30, 2002, the union will now official be known as The Animation Guild and Affiliated Optical Electronic and Graphic Arts, Local 839 IATSE.

Strega Imaging, a new visual FX and motion graphics design company, has opened its doors in Universal City, California. Partners and co-creative directors Colin Cheer and Michael Jackson gained their industry experience from their previous work on an eclectic array of projects. Cheer, an illustrator and designer, was involved in the early days of the desktop publishing revolution, and in 1997 he was recruited to head the 3D effects team at 525 Studios, working on effects for the series THE OUTER LIMITS along with other film and video projects.

Despite the strong box office performance of recent hits LILO & STITCH and THE ROOKIE, The Walt Disney Company has reported lower than expected earnings for the quarter and nine months ended June 30, 2002. Referencing the downturn in the international and domestic travel and tourism industry as well as the economy as a whole, Disney cited in particular the drop-off of attendance at its domestic theme parks and resorts, and the lack of television advertising dollars at the ABC television network.

AtomTelevision, a new joint venture between Internet short film provider AtomFilms and Global Media Holdings, has announced it will launch a digital network in early 2003 using its extensive library of short films and animation titles. As part of AtomTelevision's debut, the company is announcing the launch of its VOD (video-on-demand) initiative, Atom on Demand.

Vancouver, Canada's Pork and Beans Productions recently moved to a brand new 5000 square foot studio in the Yaletown district of Vancouver. The company is expanding to accommodate a growing staff as they prepare to start Flash animation production on the series YAKKITY YAK, in association with Studio B Productions. Distributed by MTV Networks International, YAKKITY YAK was created by Australian company Kapow Pictures and follows the life of a yak that longs for his big break into show business. It is scheduled to broadcast on Teletoon and Nickelodeon Australia in 2003.

North
American anime distributor A.D. Vision, Inc. (ADV), has partnered
with CoMix Wave, Inc., a Japanese anime and manga management and
production company, to promote and popularize CoMix Wave's creative
talent and holdings. CoMix Wave manages more than 50 of Japan's top
manga artists and illustrators, and works to discover and promote new
talent within the industry. The company also manages production --
both in Japan and overseas -- of a variety of anime projects,

Pixar Animation Studios has settled its lawsuit against
software developer Exluna, Inc. The settlement resolves all pending
litigation and any other disputes between the two companies. Exluna,
a privately held software company specializing in software
development technology for film quality graphics rendering, was
charged with the misappropriation of trade secrets, copyright
infringement and patent infringement. In a separate announcement,
NVIDIA Corp. announced the acquisition of Exluna, Inc. as part of