Business

Cartoonists’ Union Ratifies Contract

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Despite a negative recommendation by the negotiating committee, the members of Motion Picture Screen Cartoonists and Affiliated Optical Electronic and Graphic Arts, Local 839 IATSE, have ratified a new collective bargaining agreement. The contract includes higher increases in minimum rates (8% in the first year, 4% in the second year, 3% in the third), higher health and pension contributions for freelance animation writers and storyboard artists, and a new framework for screen credit arbitration.

Olive Jar Acquired By Red Sky

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Red Sky, an interactive solutions provider, announced the acquisition of Olive Jar Studios, a Boston and Los Angeles-based animation and film production studio, and White Noise Productions, a Los Angeles-based full service multimedia firm. "A concept we believe strongly in is 'applied entertainment,' which means that our solutions transcend mere functionality and bring emotion to interactive experiences delivered across all media, from narrow to broadband platforms and devices," said Bill Bingham, chairman and CEO of Red Sky.

ASIFA International Selects New Board

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In conjunction with the Ottawa International Animation Festival, ASIFA held its general assembly and the election of its new executive board. Abi Feijo of Portugal was voted president and said that ASIFA is at a turning point where he hopes to redefine ASIFA`s goals and priorities. Marco de Blois (Canada), Sayoko Kinoshita (Japan), Andy Wyatt (United Kingdom) and Antran Manoogian (USA) were voted in as vice presidents. Vesna Dovnikovic of Croatia will serve as secretary general and Pierre Azuelos of France as treasurer.

Canadian Writers Guild Adds Toon Scribes Under Coverage

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The Writers’ Guild of Canada (WGC) has finalized a new two-year collective bargaining agreement with domestic producers, which now covers animation scribes. This conclusion ends 18-months of negotiation between the WGC, Canadian Film and Television Production Association and its Quebec counterpart, l’Association des Producteurs de Films et de Television du Quebec (APFTQ). The new Independent Production Agreement (IPA) sets out minimum workplace requirements for Canadian film and TV writing. The long unprotected Canadian animation writer is finally covered under the new plan.

Animation Stock Ticker For Tuesday, September 26, 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.




DIC Management To Buy DIC From Disney

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DIC Entertainment’s CEO Andy Heyward is set to purchase DIC from owner Walt Disney Co. The deal backed by investment firms Bain Capital and Chase Capital Partners is valued in the nine digits. Disney acquired a majority stake of DIC in 1995 when it purchased ABC/Capital Cities. In 1986, Heyward purchased the toon house from France-based CLT and retained a small minority interest in the firm after ABC/Capital Cities obtained the majority share in 1993. DIC television properties include INSPECTOR GADGET (Disney co-produced a live-action feature version), G.I.

Disney Moves To Hasbro In Light Of Mattel’s Potter Deal

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Disney has decided to divide its toy merchandising between rivals Hasbro and Mattel. Disney has had a long licensing relationship with Mattel, which now will only handle their preschool and plush toys, dolls, games and puzzles. Hasbro will handle the more lucrative toys, action figures and games portion of Walt Disney products.

BKN Licenses GoodTimes Library

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Cologne-based licenser and children's TV producer BKN International has acquired international TV, video and merchandising rights for New York-based children’s animation production company GoodTimes Entertainment’s 51 title library. The deal worth US$13 million includes titles such as RUDOLPH THE RED-NOSED REINDEER, THE COUNT OF MONTE CRISTO and MOBY DICK.

iCast Buys Shortbuzz & Lays Off 30

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Netcaster iCast, a subsidiary of Internet conglomerate CMGI, has purchased independent short film site Shortbuzz.com. As part of the acquisition, iCast has raised its library to 400 films. On Friday, September 15, 2000, the company, however, laid off 30 employees in its technical and editorial divisions. The Website will replace those positions with new employees with more entertainment experience. iCast VP of public relations told VARIETY, "We know the business we want to be in, and we’re streamlining. We’re not shutting down. In fact, we’ll be stronger as a result.

Stan Lee Media Slashes 19 Positions

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Stan Lee Media Inc. has eliminated 19 positions, deciding to outsource animation production to overseas companies. The move is part of SLM's deal with Toon Boom Technologies to use its U.S. Animation software on SLM productions. The Web content creator said in a press release that the decision would allow the company to maintain quality animation while reducing internal overhead costs.

Animation Stock Ticker For Tuesday, September 19, 2000

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Animation Stock Ticker For Tuesday, September 19, 2000





Pseudo: Another Dotcom Downfall

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On Monday, September 18, 2000, Pseudo Online Network closed down its operations, making the newest dotcom downfall. The Website had laid off 58 employees earlier this summer, which was roughly 25% of their workforce. The site originally ran as separate channels with original interactive content, however the Netcaster recently changed to one central channel broadcasting shows from 2 pm to midnight. Pseudo's big claim to fame was their extensive coverage of the U.S. Republican National Convention with 360º camera views of the convention floor.

Nelvana Purchased For $554M By Corus

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Corus Entertainment Inc. has announced the acquisition of Nelvana Limited in a cash and stock deal worth CA$554 million (US$372.5 million). Corus will pay 60% of the $554 million in cash and the rest in Corus Class B non-voting shares. "The opportunity to acquire an outstanding Canadian content company with exceptional international credentials presents itself very rarely," said John Cassaday, president and CEO of Corus.

Alvin & The Chipmunks Owners Sue Universal

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On Monday, September 11, 2000, the family that owns the rights to Alvin and the Chipmunks filed a US$105 million lawsuit against Universal Studios, claiming it failed to license products adequately based on the cartoon characters. According to the lawsuit filed in State Superior Court in Los Angeles, members of Chipmunks creator Ross Bagdasarian Sr.'s family claim that Universal executives told them that the studio would make Alvin, Theodore and Simon "a cornerstone" of the company's licensing efforts.

SGI Adds More Workstations To Disney Features

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SGI announced that it would be providing Walt Disney Feature Animation with more than 500 of its Silicon Graphics visual workstations, which will include their new Silicon Graphics Octane2. Previously, Disney has used SGI workstations to create digital characters and special effects for their features GONE IN 60 SECONDS, MISSION TO MARS, DINOSAUR and the upcoming 102 DALMATIANS. The Silicon Graphics Octane2 has more visualization power, a high-performance MIPS RISC processor and new industry-first features.

B2B Investor Beefs Up Heavy.com

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Digital Creative Development Corporation (DC2) announced that it has entered into a strategic distribution alliance with Heavy.com, a Web destination blending music, video and animation. Under the terms of the deal, DC2 will provide programming and various other business services to Heavy.com. In turn, DC2 will have access to Heavy.com’s distribution pipeline that reaches over 135 million Internet users.

Animation Stock Ticker For Tuesday, September 12, 2000

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Animation Stock Ticker For Tuesday, September 12, 2000





BKN Int. Launches New Media Division

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BKN International AG, a children’s animated production, distribution and marketing company, has launched a new media division, BKN New Media Ltd. The division was established to help BKN better exploit its properties over the Internet. The first venture for the new arm will be the launch of its consumer-based community Website featuring THE ROSWELL CONSPIRACIES.

Britt Allcroft Co. Transforms Into Gullane Entertainment

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The Britt Allcroft Company plc announced that as part of its global expansion, the company has changed its name to Gullane Entertainment and hired new key staff members. The company’s former managing director, William Harris, has been appointed CEO and commercial director and group entertainment president, Charles Falzon, will serve as president. The move is an opportunity for founder Britt Allcroft to hand over the operations of the company to focus on more creative endeavors.

ToyFare Magazine Names 25 Best Action Figures of All Time

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ToyFare, a leading magazine about action figure collectibles, has put together a list of the best individual action figures of all-time. The October 2000 issue, on sale August 29, awarded 5 spots to Hasbro, with McFarlane Toys coming in second with 4 entries. "The list covers three decades of action figures," said editor Douglas Goldstein.