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Fox Shareholders Accept News Corp. Offer

Minority shareholders of Fox Entertainment Group have accepted a buyout offer by News Corp. for their shares, according to the Los Angeles Times (link requires free registration). Shareholders will receive 2.04 nonvoting shares of News Corp. in exchange for each share of Fox Entertainment stock.

Mainframe Reports Small Profit for 2004

Mainframe Entertainment eked out a $67,000 profit in the fourth quarter of 2004, according to cnews. Revenues rose to $5.56 million from $2.33 million in the year-ago quarter.

Time Warner Profits, Revenues Up in 2004

Time Warner had operating income of $1.6 billion in the fourth quarter of 2004, a 7% gain over the same period in 2003, the company announced today. Revenues rose slightly to $11.1 billion. For the full year, Time Warner’s operating income rose 17% to $6.2 billion and revenues rose 6% to $42.1 billion. Every division […]

Analyst: Disney Animation Studio Could Ding Pixar

In reiterating their current rating and target price for Pixar stock, Banc of America has stated that Disney’s planned CGI animation studio may have a negative halo effect on Pixar if Disney’s sequels to Pixar movies are poorly done. It also points out that the creation of the studio suggests a reconciliation between the two […]

Fox Profits Up in Second Quarter

Fox Entertainment saw its second quarter operating income climb to $752 million, up 35% from the same period last year, the company said today. Revenue rose 17% to $3.9 billion. For the six months ended December 31, operating income rose to $1.4 billion from $1.2 billion. Six-month revenues rose to $6.8 billion from $6.1 billion. […]

Cartoon Network To Produce Original Anime

Itochu Corp. and Cartoon Network will team to produce original Japanese animated programing and related merchandise, Asia Times reports. The two companies will initially produce three programs, which will have per-episode budgets of approximately 20 million yen, which is significantly higher than the typical budget for such programs, the site says. The first program is […]

News Corp. Extends Deadline To Buy Fox

News Corporation is extending the deadline to buy the remainder of Fox Entertainment Group until February 22, The New York Times (free registration required) reports. Fox’s committee of independent directors says it needs more time to analyze the offer.

Viacom Declares Dividend

Entertainment giant Viacom has declared a quarterly dividend of $0.07 per share on its Class A and Class B common stock, payable on April 1 to stockholders of record at the close of business on February 28, the company said yesterday. [Source: Viacom Inc.]

Cookie Jar Gets New Financing

The Cookie Jar Group has secured two credit lines collectively worth more than $60 million to finance its entertainment and education businesses, the company said today. [Source: Canada Newswire]

American Entertainment & Animation Begins Trading

American Entertainment & Animation Corporation has begun trading on the NASDAQ-operated Over-the-Counter Bulletin Board (OTCBB), the company said today. The company will trade under the ticker symbol “AEAN.” [Source: Business Wire]

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