Nickelodeon has licensed the international distribution rights to the Nick series, THE FAIRLY ODD PARENTS to Nelvana. In addition, Nick has renewed Nelvana-produced shows, MAGGIE AND THE FEROCIOUS BEAST and PELSWICK. In addition, Nickelodeon has agreed to co-produce a minimum of one new series with Nelvana. THE FAIRLY ODD PARENTS follows Timmy Turner and his two bungling fairy godparents. Michael Hirsh, co-chief executive officer of Nelvana, said, "Nickelodeon's programming has terrific youth appeal around the world. We believe Nelvana's international television and home video clients will welcome these two unique series when we debut them at MIPCOM in October."