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.

The newly renamed AtomFilms and Shockwave combined company, AtomShockwave Corp., has announced the closing of its latest round of financing of US$22.9 million. Leading the round was Macromedia, parent company of Shockwave, along with Sequoia Capital, JPMorgan Entertainment Partners, Arts Alliance, Waterview Partners and affiliates and Intel Capital. The new company plans to retain its two distinct brands, AtomFilms and shockwave.com, as well as strengthening its offices in Tokyo and London.

Former Walt Disney senior VP for worldwide anti-piracy, Judy Denenholz, has filed a US$20 million lawsuit, alleging she was terminated after refusing to sign a fraudulent IRS audit. The suit also alleges that Disney's assistant general counsel Peter Nolan sexually harassed Denenholz since she joined the company in 1981. The suit claims that Disney's general counsel Lou Meisinger held a grudge over legal bills before he became Disney's general counsel. In 1990, Denenholz advised Disney that Meisinger's law firm was overcharging the studio for their anti-piracy work.

Madrid production house Filmax has formed a new animation arm entitled Filmax Animacion. The new arm will have three divisions: production services, production and distribution. Filmax plans to integrate its animation studio Bren Entertainment into this new venture. In October 2000, Filmax gained animation production-distribution house PPM Multimedia's Francisco "Paco" Rodriguez to head Bren. Rodriguez formed PPM Multimedia in 1990 and quickly transformed the small company into a major force in the Spanish market.

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.

Walt Disney Co. has announced that its past decision to scrap its Go.com portal has been reversed. However, the Go.com portal will be a much more pared down version with Web searches handled by former rival GoTo.com. The Go.com home page now serves as a low maintenance starting point for the Walt Disney Internet Group's other sites like Disney.com, ABC.com and Movies.com. In the formation of Go.com, Disney purchased Infoseek and their search engine. Currently, Disney is looking to sell off assets associated with Infoseek.

Many citizens in the Czech Republic are aghast over the premiere of POKEMON on the public TV network, Slovak TV. The Slovak media council has complained that the show has a negative psychological effect on children due to its level of violence. Because the station is a public broadcaster, the council has the right to ban the program. If done, this move could destroy Slovak TV. The station is currently in dire financial straits, owing over a million dollars to various companies for purchases made over the past three years.

The Harvey Entertainment Company has announced that it has signed an agreement with Classic Media, LLC, for the sale of its library of Classic Characters, including Casper, Richie Rich, Baby Huey and Little Audrey. Classic Media already owns the rights to the UPA characters Mr. Magoo and Gerald McBoing Boing. The deal, scheduled to close within 90 days, is worth US$16 million plus debts associated with the characters. This move is Harvey's attempt to liquidate its bank debts.

Over 400 EM.TV shareholders are seeking an out-of-court settlement from the company for more than DM20 million (US$9.5 million) in regards to problems over EM.TV's acquisition of the Jim Henson Co. and half of the Formula One racing circuit. The investors claim that EM.TV CEO Thomas Haffa and his brother, former chief financial officer Florian Haffa, falsely represented the actual costs of the US$650 million acquisition of Henson. Moreover, the investors claim management hid key facts about the deal to buy as much as 75% of Formula One holding company SLEC.

Toronto-based SimEx Inc., a major player in the location-based entertainment industry, has announced that it has signed a letter of intent to acquire Iwerks Entertainment Inc., a leading special venue production firm. SimEx will pay $0.63 per share for Iwerks, which values the deal at approximately $2.2 million. Once the deal is completed, Iwerks will keep its name and continue to work out of its Burbank, California offices, under its current team.

In yet another consolidation move, AOL Time Warner has combined all of its TV operations under one roof. As a result, the WB Network's CEO Jamie Kellner will become the new CEO and chairman of an expanded Turner Broadcasting. He will oversee the WB, TBS, TNT, CNN and Cartoon Network. He replaces Terence McGuirk, who will continue as vice chairman and will assist Kellner in his transition. Kellner will relocate to Atlanta. What does this move have in store for animation?

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.

India-based Pentamedia Graphics has agreed to buy California-based movie production company Improvision for US$19.8 million in stock. Pentamedia first teamed with Improvision as co-production and distribution partners for the animated film SINBAD: BEYOND THE VEIL OF MISTS. Currently, a sequel to that 3D motion-capture film is in production. Improvision's purchase will "help strengthen Pentamedia's pre-production and post-production skills and also its distribution reach in the United States," the company said.

The Walt Disney Co. has purchased the rights to Winnie the Pooh for an amazing $350 million. Former rights holders Westminster School and the Garrick Club will receive $88 million each and the Royal Literary Society will gain $132 million. Disney first licensed the rights to Winnie in the 1960s and has been paying twice-yearly royalties to the owners. Disney will hold the copyright until it expires in 2026. The last relative of POOH creator A. A. Milne to hold a share in the copyright was Christopher Robin Milne.

UGO Networks, an online entertainment community company, announced that it closed a new round of funding worth US$23 million. Lead investors were GRP and Missouri-based Gryphon Holdings II, LLP Inc. and their investment partners.

Swimming against the recent tidal wave of dotcom disasters, Heavy.com has announced a new US$3 million round of financing. In addition, Heavy has announced that David Pachter has been named president and COO. Prior to Heavy, Pachter served as senior VP of business development for Interactive Video Technologies, a streaming video solutions firm. "We feel extremely fortunate to have attracted a person of David's caliber," co-CEO David Carson said.

Disney has signed a new licensing deal with Coca-Cola to place Mickey Mouse and other Disney characters on a new line of juices. No financial terms have been released for this 15-year marketing deal. However, Disney will receive royalty payments for Coke's use of all Disney characters on packages, in-store promotions and advertising. The first drinks, "Mickey's X-treme Coolers" and "Pooh's 100 Acre Wood Apple-Berry," will be sold in supermarkets in single-serve boxes and multi-serve plastic bottles.

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.

The Motion Picture Screen Cartoonists, Local 839 IATSE, has won their organizing election at Bohbot Kids Network (BKN), a German-owned animation studio with offices in Los Angeles. The ballot tally was 38 in favor of union representation versus 3 against, with six challenged ballots. The original vote took place in June 1999, but was delayed by BKN attorneys' legal challenges over the election procedures. However, in late January 2001, the National Labor Relations Board overruled BKN's suit. The union hopes to negotiate a contract with BKN in the near future.

Imax Corp. has announced that due to a corporate restructuring it will lay off 130 of its 1,000 employees. The restructuring comes as a result of several theater-chains' recent bankruptcies, which has lowered the demand for large screen films. The company will consolidate its sound and projection systems manufacturing at its facilities in Mississauga, Ontario and will scale down film production at its studio in Birmingham, Alabama. Imax will take a first quarter 2001 loss as a result of restructuring costs.