AWN Headline News

Embattled German media group EM.TV has hired Wall Street investment firm Allen & Co. to sell the Henson Co. The top candidates to buy the creator of Kermit are Walt Disney and the management of Henson itself. This action comes only a year after EM.TV purchased Henson from heirs of founder Jim Henson for US$680 million. Rumors have surfaced that the Henson heirs haven't nearly earned that amount due to the plummet of EM.TV's stock price.

Taipei-based SMEC Media & Entertainment has acquired the animated TV rights for Wang Du-Lu's CROUCHING TIGER, HIDDEN DRAGON book series on which the hit Sony Classics feature was based. The deal with Vista Publishing Group also gives the Chinese production house the right to produce an animated feature and home video. SMEC is currently pitching the idea around Hollywood. Alexis Wallrich, head of SMEC's U.S. offices in Pasadena, said to Variety, "The source material is a gold mine of fantastic stories and characters.

Renegade Animation has wrapped on the main title, bumpers and end title package for THE LOONEY TUNES SHOW, a new series featuring classic Warner Bros. cartoons on Cartoon Network. The cel-animated package features the Looney Tunes gang as the members of a Broadway-style show and slips backstage capturing candid glimpses of the characters. "Cartoon Network brought us wonderful scripts and storyboards and our animators had a lot of fun in executing them," said Renegade Animation executive producer Ashley Postlewaite.

New Line Cinema has signed an extensive deal with fast-food giant Burger King to promote THE LORD OF THE RINGS trilogy. The agreement represents the single largest promotional arrangement for New Line and one of the largest programs ever launched by Burger King. The program will span more than 10,000 restaurants worldwide and will run longer than the first film runs in theaters.