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Tagged With: Business

Entertainment Headline News

HIT Ent. Strengthens Home Entertainment Ranks

HIT Entertainment has announced expansion plans and promotions within its International Home Entertainment business. Led by Gavin Metcalfe and supported by Luciana Bianchi, the EMEA team will now be responsible for the Asia/Japan region and helping to drive future growth for the region. Also with immediate effect, Metcalfe has been promoted to Senior Director International Home Entertainment and will be responsible for all sales and business development in this wider region.

Business Headline News

Offutt Now SVP of Nick's Creative Operations

Nickelodeon/MTVN Kids and Family Group has named Brian Offutt to the new position of SVP of Creative Operations. Offutt will report to Russell Hicks, EVP and Exec Creative Director, Nickelodeon/MTVN Kids and Family Group, and Sarah Kirshbaum Levy, COO, Nickelodeon/MTVN Kids and Family Group.

Business Headline News

TV-Loonland Releases 2007 Report

The management of TV-Loonland has released its annual accounts for the year 2007. Due to the restructuring agreement closed with the company´s bankers, the overall situation of the business has been stabilized.

In particular, the loss for the year has been significantly reduced and a positive net operating cash flow generated.

Business Headline News

TV Loonland's Munich Office Staff Reduced

German TV Loonland will lay off nine of their 15 employees at its Munich headquarters later this summer.

The news prompted the company's stocks to jump 12 percent to 0.28 euros ($0.42), according to THE HOLLYWOOD REPORTER on Feb. 27.

In a statement from Loonland on March 7, they said they had "undertaken this restructuring step now so that its future shape across its offices better reflects its ongoing business."

Business Headline News

Variety To Be Sold

VARIETY parent company Reed Elsevier announced Thursday they will sell Reed Business Information, which includes VARIETY and DAILY VARIETY.

Reed Business Information is the magazine publishing division, and also owns BROADCASTING AND CABLE, MULTICHANNEL NEWS, PUBLISHERS WEEKLY and NEW SCIENTIST.

VARIETY reports chief executive Crispin Davis said the move was aimed at "reducing exposure to advertising markets and cyclicality," enabling the Anglo-Dutch group to focus on its core business of "subscription-based information and workflow solutions."

Company Headline News

Zinkia Appoints New CEO

In a move designed to drive the company through its next phase of growth and consolidation, Spanish animation company Zinkia has appointed Fernando de Miguel CEO.

De Miguel brings a wealth of corporate finance and business development expertise to the company, having worked over the last 15 years with a gamut of prestigious new technology, media and audiovisual companies.

Business Headline News

9 Story Adds Two New Execs

Canadian-based production and animation studio 9 Story Ent. heads into 2008 with the addition of two new senior executives. Jill Fraser has been named VP, Business Affairs and Krista Barron, Manager Production Finance. The two will report directly to Steve Jarosz, VP and COO, 9 Story Ent.

As VP, Business Affairs, Fraser will be responsible for legal and business affairs matters for all areas of 9 Story's operations. Barron will be responsible for administration and certifications relating to tax credits, film agency and other domestic funding on all 9 Story productions.

Business Headline News

Cookie Jar Sweetened with New Resources

Cookie Jar Ent. has secured an expanded $40 million line of credit and has added Bank of America to its strategic lending relationships, led by RBC Capital Markets.

The extra capital will be used to finance an ever-growing lineup of new production in support of hit show THE DOODLEBOPS, evergreen classics such as CAILLOU, ARTHUR, and JOHNNY TEST, the newly launched HURRAY FOR HUCKLE and MAGI-NATION, and an extensive development slate for 2008 and 2009.

Business Headline News

LAIKA Taps Former H-B Exec, Raises Travis Knight

By Rick DeMott | Wednesday, September 12, 2007 at 12:00am

LAIKA Inc. has made two new appointments to its management team. Former Lucasfilm and Hanna-Barbera exec Alan Keith has joined the studio as VP, Business Operations/CFO and Travis Knight has been promoted to VP, Animation.

Keith, who has more than 20 years of finance experience in both corporate and movie studio settings, will be responsible for leading the expansion of LAIKA's business operations as LAIKA continues to grow its pipeline of animated feature films, television commercials, music videos, broadcast graphics and short films.

Brand Headline News

DIC Forms Global Brand Management Division

DIC Ent. has formed a Global Brand Management division to create a dynamic synergy among the company's key divisions -- Television, Home Ent. and Consumer Products. Nancy Fowler, head of global Sales, will oversee Brand Management, as well as continue to head the domestic and international Consumer Products, Television, Home Ent. and Marketing divisions at DIC. Fowler reports to Jeffrey Edell, president of DIC.

Autodesk Headline News

Autodesk to Cut 30 Jobs in Montreal to Streamline Systems Business

In response to several Montreal newspapers reporting that Autodesk will cut 30 jobs at its Montreal office in order to put greater emphasis on its 3D software products, the company released the following statement:

"Autodesk Inc. made proactive changes to its Media & Ent. systems business in order to optimize that business' performance and long-term growth. Autodesk Media & Ent. vps Marc Petit and Stig Gruman led the effort...

Business Headline News

David Graber to Head Wild Brain Business Affairs

Veteran Hollywood entertainment attorney/litigator David Graber joins Wild Brain Inc. as general counsel and head of business affairs, where he will oversee all business and legal affairs for the studio corporate, film, television, interactive and home video.

Business Headline News

SPTI Announces European Distribution Team Promotions

Sony Pictures Television International (SPTI) announced several key promotions within its European distribution team and the expansion of its new digital initiatives group in response to the growth of digital content distribution in Europe. Stuart Baxter has been promoted to evp, European distribution. Danny Goldman has been named svp, sales, and Nina Pustilnik joins the company as vp, digital initiatives.

Television Headline News

Ken Werner New WB Domestic Television Distribution President

Veteran television distribution exec Ken Werner, who was in charge of network distribution for The WB for the past nine years and was an important member of the Warner Bros. team that formed The CW, has been named president, Warner Bros. Domestic Television Distribution (WBDTD). He will take the reins of one of the leading distributors of first-run and off-network programming in the domestic television marketplace.

Werner assumes the role previously held for 17 years by Dick Robertson, who has been named senior advisor to the Warner Bros. Television Group.

Software Headline News

Thai, Singapore Firms Join In Animation Venture

E-Saan Software Park, a Thai software development agency in this northeastern province, and Singapore-based 3 View Group will jointly develop an animation and multi-media business to penetrate overseas markets, reports ETNA.MCOT.Net.

E-Saan Software Park director Panupong Wanjantuk said that the Animation and Multimedia Innovation Centre (AMIC) under the supervision of Khon Kaen University is coordinating with 3 View Group under a business plan to create job opportunities and generate income.

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