“IDT Ent. is now a fully vertically integrated worldwide production and distribution company,” said Mischel. Well actually licensing/merchandising is the final component to be added. Until the company reaches that critical mass to warrant its own licensing division, the IDT companies will continue to strike agreements with licensing/merchandising reps per project, he said. “With IDT Ent. Sales, we have the opportunity to take the next step and establish IDT Ent. as the leader in branded entertainment programming for the global marketplace.”

IDT Ent. develops, produces and distributes proprietary and licensed entertainment content. It is in the early stages of production on two proprietary CG-animated feature films, Gene Roddenberry’s STARPOINT ACADEMY and a feature yet to be named, directed by Christopher Reeve.

IDT Ent. consists primarily of the following wholly owned or controlled subsidiaries: Anchor Bay Ent., Manga Ent., Digital Production Solutions(DPS), DPS/Film Roman, Mainframe Ent. and DKP Effects.

Anchor Bay and Manga Ent. will continue with their distribution activities, while IDTeS will take care of rights the companies are not distributing.

IDT Ent. has completed several investments and joint ventures to secure access to brand name characters and content as well as distribution channels for family-friendly content. In July 2003, IDT purchased a minority equity interest in Vanguard Animation and entered into a joint venture with Vanguard to co-produce and co-own future Vanguard properties distributed in theaters, direct-to-video and on television. Vanguard Animation is a CG animated feature film company founded by John Williams, the originating producer of SHREK. Vanguard’s initial production, VALIANT, is the first in a series of four Vanguard-produced films to be distributed by Disney.

IDT Ent. has an equity interest in Archie Comics Ent., as well as rights to co-develop and co-produce animated properties. IDT has also entered into a joint venture with the Christian Broadcasting Network to develop and distribute family-friendly programming. IDT Ent. also owns a minority interest in Stan Lee’s POW! Ent. to co-develop and co-produce a minimum of six animation projects for direct-to-DVD distribution and broadcast. Recently, IDT Ent. entered into a multi-faceted development, production and distribution agreement with Todd McFarlane Prods. (TMP) to produce animated programming and merchandise based on SPAWN and other TMP original intellectual properties.