Mondo Media announced that four of its popular Web shows, including the award-winning ELMO AARDVARK OUTER SPACE DETECTIVE!, will now air on Microsoft Corp.s WindowsMedia.com. The Flash-created series will be available using the Windows Media player. The Mondo Mini series to air on WindowsMedia.com will include ELMO, THUGS ON FILM, HAPPY TREE FRIENDS and THIS MODERN WORLD.
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Phoenix Media Group Ltd. has obtained the universal rights to the LITTLE DINOS cartoon series throughout North America. The show is a 26-episode series that presents both popular science and scientific fantasy. Produced by Guangdong South Natural Science Museum Co. Ltd., LITTLE DINOS follows the birth, development, domination and extinction of dinosaurs. "We see the LITTLE DINOS series as a perfect complement to our own MANFRED MOOSE character," said Ron Irwin, chief executive officer of Phoenix Media Group. "Both are dedicated to imparting knowledge to children in a fun and entertaining way.
Digital Media World and LEAF 2001 will be held November 13 -15, in London, UK. Launched in 1994, Digital Media World (DMW) has established itself firmly on the calendar of Europe's creative professionals. Whether they are responsible for creating digital content, managing digital assets or delivering digital content over the Web, digital media professionals know DMW showcases the best technologies and celebrates the best creative work through its festival, the London Effects & Animation Festival (LEAF).
London-based production company Stink has launched Skunk, a new animation house producing music videos, commercials and short films. The first project for the new company will be three spots for whisky brand Famous Grouse via ad agency Abbott Mead Vickers. Prague-based director Michal Zabka will helm the spots.
Hypnotic and Nibblebox have announced they have completed their merger and closed a second round of financing. The new round of financing was led by Hypnotic's initial investor Vivendi Universal and the media group Dresdner Kleinwort Capital, as well as Nibblebox's initial investors, Knowledge Universe, Windsor Media and Entertainment Media Ventures.
As widely reported today by sources such as the LA TIMES, WIRED MAGAZINE and REUTERS, four people, including Stan Lee Media co-founder Peter Paul, have been indicted by federal prosecutors as part of an alleged $25 million stock manipulation scheme. The defendants face maximum sentences of 15 years in prison if convicted. Paul, former Stan Lee Media executive vice president Stephen Gordon, stock analyst Jeffrey Pittsburg and stock promoter Charles Kusche, have been accused of securities fraud in an attempt to manipulate the price of Stan Lee Media stock.
The Harvey Entertainment Company and Classic Media, LLC have amended their prior agreement for the sale of Harveys library of classic characters, including CASPER, RICHIE RICH, BABY HUEY and LITTLE AUDREY, as well as certain contractual rights and agreements which relate to those assets. Signed on March 9, 2001, the prior deal was worth US$16 million plus debts associated with the characters. The parties have agreed to increase the purchase price to US$17 million, to be paid in cash at the closing, plus the assumption of certain liabilities.
In an about face to his January 2001 sworn declaration, former Stan Lee Media vice president Stephen Gordon issued a Further Declaration in a Los Angeles Superior Court action which retracted and corrected previous allegations made by Gordon against Stan Lee Media co-founder Peter Paul, as well as detailed a series of new accusations of fraud and libel against Stan Lee Media CEO Ken Williams.
Italys Mondo TV Group has acquired a 30.3% stake in German media company IGEL MEDIA AG. The agreement is contingent upon the approval of IGEL MEDIA AGs supervisory board. Under the terms of the deal, Mondo will receive 1,000,000 shares of IGEL. In addition to Mondo TVs acquisition, a commercial agreement has been signed between the two companies in which IGEL will take over Mondos European distribution of over 300 hours of animated productions including JESUS, THE KINGDOM WITHOUT FRONTIERS, THE SUPER HEROES and LUPO ALBERTO for all territories except Italy.
San Francisco, California-based Mondo Media, a leading online animation and syndication company, cut 28 of its 110 employees on Monday, March 26. The cuts affected all areas of the company. According to Robin Harper, senior VP of marketing, the layoffs do not signal fiscal trouble. There is no financial crisis at the company. We recently raised $17 million, and this layoff is a proactive move to ensure the longevity of the company through the current economic downturn, she said.
The Web3D Consortium has announced the Rich Media 3D (RM3D) initiative, which is developing an open standard to enable rich media content containing 3D graphics, video and audio to be sent over the Internet and used in broadcast applications. RM3D is intended to enable an emerging category of media-capable Internet and broadcast devices and appliances to receive and present advanced content optimally while simplifying the media authoring process.
How could one of the most promising Internet animation companies come to such a crashing defeat? Brett D. Rogers investigates the unraveling of Stan Lee Media and the growing chorus crying foul.
Mondo Media has announced that it has obtained over US$17 million in its third round of equity financing. The round was led by SBVC with supporting investment for global expansion from Venturepark and others. Returning investors included Foundation Capital, Sofinnova Ventures and Red Rock Ventures. As part of the round, Carl Rosendahl, principal managing director for SBVC, has joined Mondo Media's board of directors. The money will be used to continue Mondo Media's current productions, develop new ones and expand the company's presence in Europe.
Mondo Media has named David McCoy, former vice president of advertising sales for Comedy Central and CNN, as its new vice president of advertising sales. "We are thrilled to welcome David McCoy to the Mondo Media team," said Douglas Kay, president of Mondo Media. "His extensive background and experience in television and cable are vital building blocks to the Mondo Media business model, and we look forward to his expertise for our continued growth and success." McCoy said, "What really excites me about Mondo Media is their desire to create a high value, new model Internet syndication company.
SGI recently announced that the source code for its digital media software development kit (dmSDK) for the Linux operating environment is now available to the open source community. The dmSDK toolkit shortens the time required to create digital media applications across the SGI product line by allowing SGI software partners to write to a single application-programming interface (API). dmSDK provides Linux developers with a proven, cross-platform digital media API and is a key enabler allowing digital media developers to deliver applications for this increasing popular operating system.
The Securities and Exchange Commission (SEC) has launched an informal inquiry into stock trades at Stan Lee Media, which may have attributed to the company's stock plunging from $12 to $0.12. The SEC is looking into large trades made by executives and investment partners. In addition, the government agency is investigating possible misuse of company funds by former employees. The alleged misuse was uncovered during a recent internal investigation. Stan Lee Media has terminated executive VP operations Stephen Gordon and its consulting pact with Paraversal Inc.
Oxygen Media, the year-old television/Internet media company dedicated to programming for women, has received a hefty investment of US$100 million from Microsoft co-founder Paul Allen's Vulcan Ventures. Allen's investment firm was an early fund supplier to the fledgling network. The channel has struggled since its inception to find major cable systems to carry its programming. Oxygen was founded by Gerry Laybourne, the former president of Nickelodeon, who helped build the children's network into one of the top rated cable channels in the U.S. and around the world.
On Tuesday, November 1, 2000, The Harvey Entertainment Company announced that the proposed preferred stock investment by Classic Media LLC has been terminated due to the companies' inability to reach a definitive agreement. On August 24, 2000, Harvey announced that it had signed a Letter of Intent with Classic Media for an investment of roughly US$30 million in exchange for a new issue of Harvey Preferred Stock.