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.

Nintendo announced on Friday that it would not release its next generation versions of Gameboy and next generation console unit, Gamecube, this year. This announcement marks a crucial hit for the company in the next generation console market, which was led off by the healthy debut of Sony’s PlayStation 2 in Japan. The new Sony console looks to be a hot seller for the holiday season, with Sony set to raise ¥150 billion (US$1.4 billion) by selling bonds to keep up with the demand for the PlayStation 2.

Classic Media, a newly created investment group featuring former Golden Books chief Eric Ellenbogen, former chairman of Universal Studios and CEO of Viacom Inc. Frank Biondi and producer Steve Tisch, agreed to purchase a 60% stake in Harvey Entertainment in a cash-and-stock deal valued at about US$30 million. Currently, it is unclear how the move will effect Harvey’s management structure, but Classic Media officials have said they will be active in company discussions.

Europe’s top selling toy ACTION MAN has made it to American shelves. The entire Hasbro ACTION MAN toy line brings in US$300 million a year overseas and $1 billion in brand sales over the last five years. Various extreme sport versions of Action Man have hit the shelves along with his arch nemesis Dr. X. The figures range from $7.99 to $29.99. "Action Man has been huge overseas," said Perry Drosos, VP of U.S. marketing for ACTION MAN. "In fact, it has been the top-selling action figure line in Europe for several years. Right now, 80% of boys ages four to ten in the U.K.

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.

Stan Lee Media, Inc. (SLM) has teamed with Venture Soft Co., Ltd., Asia's leading creator and aggregator of anime and manga, to form a joint venture that will bring SLM's superhero and fantasy story franchises to Asia. Coming on the heels of a similar deal with Fox Kids Latin America, the Asian venture will be called SLM Japan and will continue SLM’s strategy to partner with strong regional communication companies to introduce its branded content via the Internet and then leveraging it into global partnerships.

Belgium-based Eyetronics, a 3D-acquisition technology company, is opening an office in Los Angeles, California. Nick Tesi, Eyetronics’ LA representative, said, "Eyetronics has been operating from their headquarters in Belgium since the start of operations in 1998. The 9 hour time difference has been a major drawback in communicating with our clients and prospects in the U.S. and Canada.

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.

Creative Planet, Inc., the parent company of Animation World Network, has secured an additional US$38 million in new equity financing. The new funding will help drive its strategy to deliver technology solutions and resources for increased cost-efficiencies in the moving image production process.

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.

3dfx Interactive Inc. announced the completion of its merger with GigaPixel Corporation. Subsequently, George T. Haber, a founder of GigaPixel, and Andrei M. Manoliu, a member of the GigaPixel board of directors, will join the 3dfx board. "The merger marks an important step in enhancing the 3dfx technology leadership and expanding our business for the future," said Alex Leupp, president and CEO of 3dfx.

netGuru, Inc. (formerly Research Engineers, Inc.) has expanded its netGuruDigitalmedia facilities to provide animation, production and digital media services for U.S. and offshore producers. Based in both Yorba Linda, California, U.S.A. and Calcutta, India, the company offers animation services including 2D animation, clean-up, in-betweening, digital ink and paint, 3D animation, special effects compositing, audio/video editing, and Web and interactive animation and graphics. netGuru also markets AXA Team 2D Pro, a 2D pencil test and ink and paint software package, and newly released AXA-Web.

SGI and Intergraph Corporation, two of the leaders in high-performance graphics workstations and software, have announced an alliance that allows both companies to share each other's products and expertise. Under the partnership, Intergraph will purchase US$100 million in SGI products and services over three years. In turn, SGI will obtain assets from Intergraph, including Intergraph Computer Systems' Zx10 family of ViZual Workstations and Servers.

Sources say that Vancouver-based film producer Lions Gate Entertainment is on the verge of purchasing Harvey Entertainment. As reported in VARIETY, Harvey chairman/CEO Roger Burlage has been shopping the home of Casper around to many companies. Last spring Burlage saved Harvey from acquisition by Artisans by securing US$17 million in funding from entertainment company Kushner-Locke and then-investment banker and current Lions Gate vice-chairman, Michael Burns. The funds came in the form of $11.5 million in cash and $5.5 million in Kushner-Locke stock.

Go.com, Inc., the Internet group of the Walt Disney Co., has changed its name to the Walt Disney Internet Group. The name change was made to better reflect the new direction of the Internet company, which has moved its focus away from a Yahoo-like portal to a more Disney-geared entertainment destination. The Disney arm has been plagued with problems from the start. In the last quarter, the company reported a net loss of US$272.1 million, including amortization of intangible assets.

Rainbow Studios, a creator of digital entertainment, announced its acquisition of Motional Realms, the developers of the ReelMotion real-time simulator that uses physics and collision detection to animate vehicles and objects realistically. By simulating the underlying physics, ReelMotion allows animators to animate any type of two or four-wheeled vehicle, a variety of aircraft and other objects.

In light of Nasdaq’s delisting of their stock, troubled animation producer Cinar Corp. has brought in investment bank Merrill Lynch & Co. to help assess the future options for the company, which may include the sale of all or parts of the company. "Merrill Lynch & Co. will work with us and our current advisors, PricewaterhouseCoopers LLP, to review all strategic alternatives available to the Company in order to maximize future shareholder value, including any proposed business combination, partnerships or mergers," said Barrie Usher, President and CEO of CINAR.

The Chinese Administration of Radio, Film and Television has instituted a new regulation cutting the airtime of imported cartoons. Starting on June 1, TV networks in China must air six Chinese toons for every four imported ones. Before the new rule two-thirds of the cartoons broadcast in China were from foreign soil and with their domestic production only reaching 6,000 minutes (roughly 272 twenty-two-minute episodes) a year there is little for Chinese programming to choose from.

Pulse Entertainment has signed a deal with Paris-based digital post-production company, Exmachina, which will have the French post house resell Pulse technology to developers, designers, agencies and corporate clients in Europe. Exmachina first utilized the Pulse software to create a Web character, Akinia, who helps on-line gamers solve riddles in a treasure hunt. "We are making Pulse technology one of the cornerstones as we build our Web business," said Pierre Noizat, general manager of Exmachina.

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.