FremantleMedia has announced it will dismantle its FremantleMedia Enterprises arm and create two global stand-alone divisions, one focused on kids and family entertainment and distribution, the second fixed on digital and branded entertainment.
Toyco Mattel’s 4Q net income fell 17%, due to the payment of US$137.8 million to cover compensation and punitive damages to MGA Entertainment to satisfy the judgement of ongoing litigation over the Bratz brand.
It looks like it wasn’t strictly fun and games during the 2012 holiday shopping season. Merchants at American Toys ‘R’ Us stores were more inclined to purchase toys within the Learning segment rather than those in the Entertainment category, which witnessed a sales decrease of 1.9% over December 2011.
Rainmaker Entertainment, a Vancouver, Canada-based CGI animation and production studio, has entered into a letter of intent that could lead to Rainmaker co-investing in and co-producing a slate of up to five feature length animated films with a Hong Kong-based partner.
In a new initiative to improve its animation development strategy, Warner Bros. Pictures has created a feature film animation think tank tapping the skills of a number of acclaimed filmmakers.
San Diego-based telecommunications company Qualcomm has joined forces with Sesame Workshop to engage in research and development initiatives around mobile educational content for preschoolers.