Category: Business

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.

Late swing-jazz singer Louis Primas widow, Gia Prima, has filed suit against the Walt Disney Company for unpaid royalties from video and DVD sales of THE JUNGLE BOOK, in which her husband voiced the character King Louie of the Apes. The Prima estate has received royalties on audio recordings of the soundtrack, however Disney contends the contract Prima signed was for audio recordings only and that Disney has "met all contractual obligations to Mr. Prima's estate." However, new technologies, like videocassettes and DVDS, were not invented when Prima signed the contract.

Avid Technology, Inc. announced financial results for the quarter ended June 30, 2000. Revenues for 200O were US$120 million up from $116.4 million a year ago. For the quarter, the company recorded a net loss of $18.1 million, or $.07 per share, including amortization of acquisition-related intangible assets, compared to a net loss of $8 million, or $.34 per share in the second quarter of 1999.

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.

Intel Corporation and Macromedia, Inc. have partnered to bring Intels 3D graphics software technology to Macromedias Shockwave Player. Intels technology will provide a richer look to the Shockwave Player with multiple resolution settings depending on the users computing power. The Intel technology allows providers to create smooth, photo-realistic surfaces, cartoon rendering and effects that include smoke, fire, water and vapor. The compressed Macromedia Shockwaves format will allow narrow bandwidth users easier access to 3D content.

U.K. distributor Chatsworth TV, producer Flicks Films and post-production house VTR plc have come together to create a joint venture called tv4c (television for children). Creating mainly pre-school productions, the new group will handle all production, distribution, licensing and merchandising of their properties. The projects will rely on the talent of Flicks Films Terry Ward, producer of the successful MR. MEN. Already the three-way venture has four projects under way.

Time Warner Inc. has reported record operating results for the second quarter of 2000. Operating income before amortization of intangible assets (EBITA) grew 12% over the comparable 1999 quarter. With cable networks, publishing, filmed entertainment, and cable all posting record normalized operating results, Time Warner reported normalized EBITA of US$1.381 billion for 2000's second quarter versus $1.237 billion for the same period a year ago.

Walt Disney-owned DIC Entertainment and Korea-based animation firm Ameko Entertainment Co. have signed a multiyear deal to produce half-hour animated series. DIC will hold the worldwide distribution rights except in Korea. The first project, SUPER DUPER SUMOS, has already begun production. Executive producing the series will be DIC execs Andy Heyward, Robby London and Like Maliani along with Amekos Dong Chung and Robert Scharf. "The relationship between the company and Ameko has been very productive," DIC CEO and president Heyward said.

AWN's stock ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. Network 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 seeks advice from a competent professional regarding any investment or financial issues.

Blue Sky Studios, a unit of Fox Filmed Entertainment, has signed an agreement with Compaq Computer Corporation that will make the 3D animation studio into one of the top 50 super computing facilities worldwide, according to the Linpack-based "Top 500 list." Planning to use the new computer equipment on the upcoming ICE AGE, the Oscar-award winning company will now have more than 50 times its previous computing power, and double the power of any industry competitor to date.

Infogrames Entertainment S.A., a global publisher of interactive entertainment software, has signed a deal to acquire Paradigm Entertainment, Inc., one of the leading developers of interactive 3D video games and related technologies. Within the deal, Paradigm Entertainment will be a wholly owned subsidiary of Infogrames. In addition to developing games, Paradigm will maintain a research and development group with a focus on developing technology for current and next-generation game platforms. The deal will involve the exchange of up to 700,000 Infogrames Entertainment shares.