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Corus Reports Third-Quarter Profits

Corus Entertainment, parent of Nelvana Studios, Teletoon, and YTV, earned $19.4 million in the third quarter of 2005, up from a loss of $51.2 million in the same period a year ago, the company said yesterday. Revenue rose 5% to $171.9 million. For the nine-month perioed ended May 31, revenue rose slightly to $507.8 million. […]

Corner Stone and OBX Form New Animation Company

Corner Stone Pictures and OBX Capital Group today announced the formation of a new joint venture, Corner Stone Animation. The new company will operate as a subsidiary of Corner Stone Pictures. [Source: PR Newswire]

Vanguard Names Isaac to Production Post

Vanguard Animation has named Margaret French Isaac its executive vice president of production & development, AWN reports.

Apax Buys HIT, Names New Execs

Apax Partners has completed its acquisition of HIT Entertainment and named Greg Dyke, formerly director-general of the BBC, as the company’s new chairman, according to World Screen. Bruce Steinberg has been named CEO.

Nettleton, Goldberger Named to Posts

DIC Entertainment has promoted Shannon Nettleton to vice-president of production, World Screen reports. Separately, the site also reports that Icon Animation has named Christophe Goldberger to head its distribution and marketing units.

Time Warner To Begin Paying Dividend

Time Warner, parent of Warner Bros. and Cartoon Network, will begin paying a $0.05 quarterly dividend beginning in the third quarter of 2005, the company said today. [Source: Business Wire]

BKN Looks To Raise Money for New Toons

BKN International is exploring a deal that would finance two new animated series, Shanghai Tiger and Triple Threat from Outer Space, by selling 1.5 million shares in the company, World Screen reports. The proposed deal would raise eight million euros through the private placement of the new stock.

Revenues, Profits Soar at BKN

Kid programmer BKN International earned 1.02 million euros in its latest six month fiscal period, a 250% increase over the same period last year, World Screen reports. Revenues doubled to 5.54 million euros.

Robert Daly Named Viacom Advisor

Robert A. Daly has been named an advisor to Viacom Inc., the company announced today. In his newly created, non-executive position, Mr. Daly will consult on a number of strategic areas, based on his vast experience in leading entertainment industry organizations Warner Bros., Warner Music Group, the Los Angeles Dodgers, and CBS Entertainment. [Source: PR […]

Craig Relyea Named Vice President of Marketing at Buena Vista Games

Buena Vista Games, Inc. today announced that Craig Relyea has been named Vice President of Marketing. Relyea will report to Graham Hopper, Senior Vice President and General Manager of Buena Vista Games, and will be responsible for leading the integration of domestic and international brand positioning, advertising, retail marketing, promotions, public relations, creative services, and […]

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